Stream Global starts roadshow for $200 million five-year secured notes

By Paul A. Harris

St. Louis, Sept. 22 - Stream Global Services, Inc. began a roadshow Tuesday for its $200 million offering of five-year senior secured notes (B1), according to an informed source.

Goldman Sachs & Co. is the left lead bookrunner for the Rule 144A and Regulation S with registration rights offering. Wells Fargo Securities, RBC Capital Markets Corp. and Morgan Stanley & Co. Inc. are joint bookrunners.

The notes come with three years of call protection.

The deal is contingent upon the closing of Stream's combination with eTelecare Global Solutions, Inc. and Stream's new asset-based revolving credit facility.

Proceeds will be used to refinance debt of Stream and eTelecare and for general corporate purposes.

Stream is a Boston-based business-to-business software services provider.

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