West Corp. sets late-morning investor call for $1 billion eight-year notes offering

By Paul A. Harris

Portland, Ore., June 17 – West Corp. plans to participate in an investor call scheduled for 11:30 a.m. ET Tuesday to discuss its $1 billion offering of eight-year senior notes (expected ratings B3/B+), according to a market source.

Deutsche Bank Securities Inc. is the left bookrunner for the Rule 144A for life offering. Wells Fargo Securities LLC, BofA Merrill Lynch, BMO Securities, Goldman Sachs & Co., Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are the joint bookrunners. Mizuho Securities is the co-manager.

The notes come with three years of call protection.

The Omaha-based technology-driven communication services provider plans to use the proceeds to repurchase all $500 million of its outstanding 8 5/8% senior notes due 2018, up to $200 million of its $650 million 7 7/8% senior notes due 2019, and repay a portion of its senior secured term loan facility due 2018.

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