Stream Announces Pricing of Senior Secured Notes
01 10월 2009 - 12:10AM
PR Newswire (US)
BOSTON, Sept. 30 /PRNewswire-FirstCall/ -- Stream Global Services,
Inc. (NYSE AMEX: OOO), announced that it has priced its previously
announced private placement of $200 million aggregate principal
amount of 11.25% senior secured notes due 2014 (the "notes"). The
notes will be issued by the Company at an initial offering price of
95.454% of the principal amount and will be issued by the Company
and unconditionally guaranteed by its domestic subsidiaries, other
than certain immaterial subsidiaries. The Company intends to use
the net proceeds to refinance indebtedness of the Company and
eTelecare Global Solutions, Inc. ("eTelecare"). The issuance of the
notes is anticipated to close on October 1, 2009. The closing is
conditioned upon the prior or concurrent consummation of the
Company's combination with eTelecare and the closing of a new,
asset-based revolving credit facility. The notes have not been
registered under the Securities Act of 1933, as amended (the
"Securities Act") or any state securities law and may not be
offered or sold in the United States absent registration or an
applicable exemption from registration under the Securities Act and
applicable state securities laws. The notes are being offered only
to qualified institutional buyers under Rule 144A under the
Securities Act and outside the United States in compliance with
Regulation S under the Securities Act. This press release does not
constitute an offer to sell any security and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offer or sale would be unlawful. FORWARD-LOOKING STATEMENTS This
press release contains forward-looking statements, including, but
not limited to, statements regarding the closing of the offering
and the intended use of the proceeds from the offering. These
statements are based upon the current expectations and beliefs of
management and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
described in the forward-looking statements. The Company cannot
guarantee that it will achieve the plans, intentions or
expectations disclosed in the forward-looking statements. These
risks and uncertainties include, but are not limited to, risks and
uncertainties related to the offering by the Company of the notes,
risks related to the Company's combination with eTelecare, the
Company's ability to complete the financing of its new, asset-based
revolving credit facility, market conditions and other risks and
uncertainties that are detailed in the Company's filings with the
SEC. The Company undertakes no obligation to update any of these
forward-looking statements to reflect events or circumstances after
the date of this release or to reflect actual outcomes. MEDIA
CONTACT: Sally W. Comollo Stream Global Services +1 781-304-1847
DATASOURCE: Stream Global Services, Inc. CONTACT: Sally W. Comollo
of Stream Global Services, Inc., +1-781-304-1847, Web Site:
http://www.stream.com/
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