West talks new $500 million eight-year senior notes to yield 8¾%-9%

By Paul A. Harris

St. Louis, Sept. 28 - West Corp. talked its $500 million offering of eight-year senior unsecured notes (B3/B) with an 8¾% to 9% yield, an informed source said on Tuesday.

The deal is slated to price mid-week.

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 its term loan B-3 and a portion of its term loan B-2.

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

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