West to sell $250 million notes to fund debt refinancing, dividend

By Paul A. Harris

Portland, Ore., July 31 - West Corp. plans to sell $250 million of senior notes, according to a market source.

Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Bank of America Merrill Lynch and Barclays Capital Inc. will be the underwriters.

Timing on the bond deal is unclear, but the issuance is expected to follow sometime after the company launches its $720 million term loan B at a bank meeting on Thursday.

The Omaha-based voice-related communications services provider plans to use the proceeds to refinance debt and fund a dividend.

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