West's $250 million tap of 7 7/8% notes due 2019 expected mid-week

By Paul A. Harris

Portland, Ore., Aug. 3 - West Corp. is expected to come to market with a $250 million drive-by add-on to its 7 7/8% senior notes due Jan. 15, 2019 (B3/B) in the early to middle part of the week ahead, informed sources said Friday.

Deutsche Bank Securities Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Bank of America Merrill Lynch and Barclays are the leads.

The notes become callable on Nov. 15, 2014 at 103.938.

The Omaha-based voice-related communications services provider plans to use the proceeds, in addition to a $720 million term loan, to refinance debt and fund a dividend.

The original $650 million issue priced at par in November 2010.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.