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West seeks $165 million add-on in connection with repricing
By Sara Rosenberg
New York, Feb. 5 - West Corp. is in market with a $165 million term loan add-on (B+) that was launched in conjunction with the company's proposed repricing, according to a market source.
The add-on, along with the existing term loan debt, will be priced at Libor plus 225 basis points. Current pricing on the existing term loan debt is Libor plus 275 bps.
Lehman Brothers has the lead on the deal.
Proceeds from the add-on will be used to fund the acquisitions of TeleVox Software Inc. and CenterPost Communications Inc.
West is an Omaha, Neb.-based outsourced communications services provider.
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