West Corp. Prices $1 Bln Private Placement Of Senior Notes

(RTTNews) - West Corp. (WSTC) said Wednesday that it has priced $1 billion in aggregate principal amount of 5.375% senior notes due 2022 in a private placement to eligible purchasers.

The offering of the Notes is expected to close on July 1

Proceeds of the notes, together with cash on hand, will be utilized to repurchase all of the company's outstanding $500 million in aggregate principal amount of 8.625% Senior Notes due 2018, up to $200 million of its $650 million in aggregate principal amount of 7.875% Senior Notes due 2019 and repay a portion of its Senior Secured Term Loan Facility due 2018.