West Corporation Announces Closing of Secondary Offering and Share Repurchase and Exercise of Underwriters' Option to Purchase Additional Shares

OMAHA, Neb., March 18, 2015 (GLOBE NEWSWIRE) -- West Corporation (Nasdaq:WSTC) today announced the closing of the previously announced underwritten public offering of 12,650,000 shares of common stock by certain of its existing stockholders at a public offering price of $30.75 per share, including 1,650,000 shares of common stock sold by the selling stockholders pursuant to the full exercise of the underwriters' option to purchase additional shares.

All of the shares of common stock in the offering were sold by investors related to Thomas H. Lee Partners, L.P. and Quadrangle Group LLC. Neither the Company nor the Company's management sold any shares of common stock in the offering, and the Company did not receive any proceeds from the offering by the selling stockholders.

Concurrently with the closing of the offering, the Company closed the previously announced repurchase of 1,000,000 shares of common stock from the selling stockholders in a private transaction for an aggregate purchase price of approximately $29.6 million.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as lead joint book-running managers of the offering, along with book-running managers BofA Merrill Lynch, Barclays Capital Inc., Citigroup, Deutsche Bank Securities Inc. and Wells Fargo Securities.

A shelf registration statement (including prospectus) relating to these securities was filed and became effective with the Securities and Exchange Commission (the "SEC") on March 9, 2015. Information about the offering is available in the prospectus supplement filed with the SEC on March 13, 2015. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained by contacting:

Goldman, Sachs & Co. Morgan Stanley & Co. LLC
Prospectus Department Prospectus Department
200 West Street 180 Varick Street, 2nd Floor
New York, NY 10282 New York, NY 10014
telephone: 866-471-2526 telephone: 866-718-1649
facsimile: 212-902-9316
email: prospectus-ny@ny.email.gs.com email: prospectus@morganstanley.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an 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 (Nasdaq:WSTC) provides communication and network infrastructure solutions that include unified communication services, safety services, interactive services such as automated notifications, telecom services and specialized agent services.

For over 25 years, West has provided voice and data services. West serves 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.

CONTACT: AT THE COMPANY: David Pleiss Investor Relations (402) 963-1500 dmpleiss@west.com

Source:West Corporation