West tries to draw remaining availability under revolver; Lehman fails to advance $26 million

By Angela McDaniels

Tacoma, Wash., Oct. 22 - West Corp. had $204 million outstanding on its $250 million revolving credit facility on Sept. 30 and has since borrowed an additional $20 million, according to a company news release.

"The borrowings on the revolving credit facility were made to ensure near-term liquidity," chief financial officer Paul Mendlik said in the release.

West had asked for more, but $26 million of funding requests made to Lehman Commercial Paper Inc. were not advanced to the company.

The company said it believes that it has sufficient liquidity to conduct its normal operations and does not believe that the potential reduction in available capacity under this revolver will have a material impact on its short-term or long-term liquidity.

West provides outsourced communication services and is based in Omaha.

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