West Corp. calls 7 7/8% senior notes due 2019 for redemption Nov. 15

By Susanna Moon

Chicago, Oct. 16 – West Corp. called its outstanding 7 7/8% senior notes due 2019 on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The redemption price will be 103.938 plus accrued interest to but excluding the redemption date of Nov. 15.

The Bank of New York Mellon Trust Co., NA is the trustee.

As previously announced, West began a tender offer on June 17 for up to $200 million principal amount of the 7 7/8% notes as well as for its outstanding $500 million principal amount of 8 5/8% senior notes due 2018.

The tender offers ended at midnight ET on July 15. The early tender deadline was 5 p.m. ET on June 30.

The company said on July 3 that it executed a supplemental indenture to the 8 5/8% note after securing the needed consents to amend the notes to eliminate substantially all of the restrictive covenants and some events of default.

For the 8 5/8% notes, the total purchase price was $1,063.09 per $1,000 principal amount of notes tendered by the early tender date, which included an early tender payment of $20.00.

For the 7 7/8% notes, the total purchase price was $1,066.29 per $1,000 principal amount of notes tendered by the early tender deadline, including an early tender payment of $20.00.

The company also paid accrued interest to but excluding the settlement date.

The company is an Omaha-based technology-driven communication services provider.

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