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Published on 9/27/2010 in the Prospect News High Yield Daily.

West plans to price $500 million eight-year notes mid-to-late week

By Paul A. Harris

St. Louis, Sept. 27 - West Corp. plans to price a $500 million offering of eight-year senior unsecured notes (B3/B) in the mid-to-late part of the present week, according to a market source.

Deutsche Bank Securities Inc., Wells Fargo Securities, Goldman Sachs & Co. and Morgan Stanley & Co. Inc. are the joint bookrunners for the Rule 144A and Regulation S offering.

The notes come with four years of call protection.

The Omaha-based company will use the cash to repay bank debt.

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


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