Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for West Corp. > News item |
West launches $720 million term loan B at Libor plus 475 bps
By Sara Rosenberg
New York, Aug. 2 - West Corp. launched on Thursday its $720 million term loan B with price talk of Libor plus 475 basis points with a 1.25% Libor floor and an original issue discount of 99, according to a market source.
The loan has 101 soft call protection for one year, the source said.
Commitments are due next week.
Deutsche Bank Securities Inc., Morgan Stanley Senior Funding Inc., Goldman Sachs & Co., Wells Fargo Securities LLC, Bank of America Merrill Lynch and Barclays are the lead banks on the deal.
Proceeds will be used to refinance existing debt and to fund a dividend.
West is an Omaha-based provider of voice-related communication services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.