Dex Media West issues talk on $1.315 billion notes in two tranches, set to price Thursday

By Paul A. Harris

St. Louis, Aug. 13 - The market heard price talk Wednesday on Dex Media West LLC's offering of $1.315 billion of notes in two tranches, according to a syndicate source.

The deal is expected to price Thursday, the source added.

Price talk is 8½%-8¾% on the $535 million of seven-year non-call-four senior notes (B2/B) and 10%-10¼% on the $780 million of 10-year non-call-five senior subordinated notes (B3/B).

JP Morgan, Banc of America Securities, Deutsche Bank Securities Inc., Lehman Brothers and Wachovia Securities, Inc. are joint bookrunners on the Rule 144A/Regulation S offering.

Proceeds will be used to fund the acquisition of the second part of Qwest Dex's directory business.

Dex Media West is a Denver-based yellow pages publisher.

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