West Corporation Announces Pricing of Its Initial Public Offering
OMAHA, Neb. -- March 21, 2013
West Corporation, a leading provider of technology-driven communication
services, today announced the pricing of its initial public offering of
21,275,000 shares of common stock at $20.00 per share. The underwriters of the
offering will have a 30-day option to purchase up to an additional 3,191,250
shares of common stock from the Company at the initial public offering price,
less underwriting discounts and commissions. The Company’s shares are expected
to begin trading on the Nasdaq Global Select Market on March 22, 2013 under
the symbol “WSTC.”
The Company intends to use the net proceeds of the offering primarily to repay
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead
bookrunners for the offering; BofA Merrill Lynch, Barclays, Citigroup,
Deutsche Bank Securities and Wells Fargo Securities are acting as joint
bookrunners; Baird and William Blair are acting as co-lead managers; and
Evercore Partners and Sanford C. Bernstein are acting as co-managers.
The offering will be made only by means of a prospectus which may be obtained
by contacting: Goldman, Sachs & Co., Prospectus Department, 200 West Street,
New York, NY, 10282, by calling (866) 471-2526, or by e-mailing
email@example.com or Morgan Stanley & Co. LLC, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by calling
(866)718-1649 or by emailing firstname.lastname@example.org.
The registration statement relating to these securities has been declared
effective by the Securities and Exchange Commission. This release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
About West Corporation
West Corporation is a leading provider of technology-driven communication
services. West offers its clients a broad range of communications and network
infrastructure solutions that help them manage or support critical
communications. West’s customer contact solutions and conferencing services
are designed to improve its clients’ cost structure and provide reliable,
high-quality services. West also provides mission-critical services, such as
public safety and emergency communications.
Founded in 1986 and headquartered in Omaha, Nebraska, West serves Fortune 1000
companies and other clients in a variety of industries, including
telecommunications, retail, financial services, public safety, technology and
healthcare. West has sales and operations in the United States, Canada,
Europe, the Middle East, Asia Pacific and Latin America. For more information
on West Corporation, please call 1-800-841-9000 or visit www.west.com.
The information in this release contains forward-looking information that
involves substantial risks and uncertainties regarding the proposed initial
public offering by West Corporation. Such risks and uncertainties include,
among other things, the possibility that the initial public offering will not
be consummated, including as a result of regulatory, market or other factors,
or that any reduction of indebtedness will occur. West Corporation assumes no
obligation to update forward-looking statements contained in this release as
the result of new information or future events or developments.
David Pleiss, 402-963-1500
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