West Corp. launches tender, consent solicitation for 9½% notes

By Jennifer Chiou

New York, Nov. 9 - West Corp. announced the start of a tender offer for any and all of its $650 million of 9½% senior notes due 2014.

The company is also soliciting consents to amend the note indenture to eliminate substantially all of the restrictive covenants and certain events of default.

The tender will end at 12:01 a.m. ET on Dec. 8.

Those who tender prior to 5 p.m. ET on Nov. 23 will receive the total consideration of $1,051.25 per $1,000 principal amount of notes, including a $30.00 consent payment.

West will also pay accrued interest.

The offer is contingent upon, among other conditions, the completion of an at least $650 million capital markets transaction and the receipt of necessary consents.

D.F. King & Co., Inc. is the information agent (800 769-4414 or call collect 212 269-5550). Deutsche Bank Securities Inc. is the dealer manager (212 250-6429).

West is a provider of call-center services, conferencing services and accounts receivable management.

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