By Devika Patel
Knoxville, Tenn., Dec. 14 – Teleperformance placed $250 million of senior notes in two tranches, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold $75 million of 3.92% seven-year bonds and $175 million of 4.22% 10-year bonds.
Proceeds will be used to repay a portion of the bank debt incurred in connection with the acquisition of LanguageLine Solutions LLC.
Teleperformance is a Paris-based customer service, technical support and social media company.
| Issuer: | Teleperformance
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| Issue: | Senior notes
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| Amount: | $250 million
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| Settlement date: | Dec. 14
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| Distribution: | Private placement
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| Seven-year notes
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| Amount: | $75 million
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| Maturity: | Seven years
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| Coupon: | 3.92%
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| 10-year notes
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| Amount: | $175 million
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| Maturity: | 10 years
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| Coupon: | 4.22%
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