Last $26.69 USD
Change Today -0.33 / -1.22%
Volume 57.3K
WSTC On Other Exchanges
Symbol
Exchange
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As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

west corp (WSTC) Snapshot

Open
$26.99
Previous Close
$27.02
Day High
$27.26
Day Low
$26.61
52 Week High
07/3/14 - $27.85
52 Week Low
09/16/13 - $21.16
Market Cap
2.2B
Average Volume 10 Days
169.3K
EPS TTM
$2.19
Shares Outstanding
83.9M
EX-Date
05/1/14
P/E TM
12.2x
Dividend
$0.90
Dividend Yield
3.37%
Current Stock Chart for WEST CORP (WSTC)

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west corp (WSTC) Details

West Corporation provides technology-driven communication services in the United States, Canada, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and South America. It operates in two segments, Unified Communications and Communication Services. The Unified Communications segment offers conferencing and collaboration services, including on-demand audio conferencing, Web conferencing and collaboration tools, and video managed and video bridging services; and event services comprising audio and video Webcasting, virtual event design and hosting, and operator-assisted audio conferencing services. It also provides Internet Protocol (IP) based unified communications solutions, such as hosted IP-private branch exchange and enterprise call management, hosted and managed multiprotocol label switching network, unified communications partner solutions, cloud-based security services, and professional and system integration services; and automated voice notifications, short message service/email alerts and notifications, push notifications, multichannel preference management and campaign management solutions, and Website and customer portal management services. The Communication Services segment offers network services, and telephony systems and services; automated call processing services that comprise automated customer service solutions, and voice and data network management services; telephony/interconnect services, such as toll-free origination, termination services, and tandem transport services; and agent-based services that comprise customer care and acquisition services, business-to-business account management services, receivables management services, and overpayment identification and recovery services. The company provides its services to small and medium enterprises in telecommunications, retail, financial services, public safety, technology, and healthcare industries. West Corporation was founded in 1986 and is headquartered in Omaha, Nebraska.

27,800 Employees
Last Reported Date: 02/20/14
Founded in 1986

west corp (WSTC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.8M
President and Chief Operating Officer
Total Annual Compensation: $910.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $730.0K
President of Unified Communications
Total Annual Compensation: $750.0K
President of Communication Services
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

west corp (WSTC) Key Developments

West Corporation Announces Completion of Private Offering of Senior Notes, New Term Loan and Revolving Credit Facility

West Corporation announced the successful completion of its previously announced private offering of $1 billion in aggregate principal amount of 5.375% senior notes due 2022. Proceeds of the Notes, together with cash on hand, will be utilized to repurchase and/or redeem all of the company's outstanding $500 million in aggregate principal amount of 8.625% senior notes due 2018, up to $200 million aggregate principal amount of its $650 million in aggregate principal amount of 7.875% senior notes due 2019 and repay a portion of its senior secured term loan facility due 2018. The company also announced it has closed on an amendment to the credit agreement governing its senior secured credit facilities, which, among other things, establishes commitments for a new, five-year delayed draw term loan A facility in an aggregate principal amount of $350 million which is available to be drawn in a single borrowing on or before December 31, 2014. The rate on the TLA is LIBOR plus 2.25% (subject to step-downs based upon leverage). The company expects to borrow under the TLA and use the proceeds there from, together with cash on hand and/or proceeds of revolving loans, later this year to redeem the remaining amount of its 2019 Notes. In addition, in connection with the amendment, the company has replaced its current revolving credit facility with a new $300 million five-year revolving credit facility. The rate on the revolving credit facility is LIBOR plus 2.25% (subject to step-downs based upon leverage).

West Corporation Announces Commencement of Tender Offer to Purchase Any and All of its Outstanding $500 Million in Aggregate Principal Amount of 8.625% Senior Notes Due 2018

West Corporation announced that it is commencing a tender offer to purchase any and all of its outstanding $500 million in aggregate principal amount of 8.625% Senior Notes due 2018 through a cash tender offer and is commencing a tender offer to purchase up to $200 million in aggregate principal amount (the Maximum 2019 Notes Purchase Amount) of 7.875% Senior Notes due 2019 (the 2019 Notes and, together with the 2108 Notes, the Notes) through a cash tender offer (the 2019 Notes Tender Offer and, together with the 2018 Notes Tender Offer, the Tender Offers). In connection with the 2018 Notes Tender Offer, the company is also soliciting the consents of holders of its 2018 Notes to certain proposed amendments to the indenture governing the 2018 Notes (the Consent Solicitation). The primary purpose of the Consent Solicitation and proposed amendments is to eliminate substantially all of the restrictive covenants and certain events of default from the 2018 Notes indenture. The Tender Offers will expire at midnight Eastern time on July 15, 2014 (the Expiration Date). Under the terms of the 2018 Notes Tender Offer, holders of the 2018 Notes who validly tender and do not validly withdraw their 2018 Notes and consents prior to 5:00 p.m. Eastern time on June 30, 2014, such time and date which may be extended (the Early Tender Date), will receive the total consideration of $1,063.09 per $1,000 principal amount of 2018 Notes, which is equal to the tender consideration of $1,043.09 plus the early tender payment of $20.00. Holders of the 2018 Notes who validly tender and do not validly withdraw their 2018 Notes and consents after the Early Tender Date, but prior to the Expiration Date, will receive the tender consideration, but not the early tender payment. In both cases, holders whose 2018 Notes are purchased in the 2018 Notes Tender Offer will also be paid accrued and unpaid interest from the most recent interest payment date on the 2018 Notes to, but not including, the applicable settlement date.

West Corporation Announces Offering of $1 Billion Senior Notes

West Corporation announced it intends to offer $1 billion aggregate principal amount of senior notes due 2022. Proceeds of the Notes, together with cash on hand, will be utilized to repurchase all of its outstanding $500 million in aggregate principal amount of 8.625% Senior Notes due 2018, up to $200 million of its $650 million in aggregate principal amount of 7.875% Senior Notes due 2019 and repay a portion of its Senior Secured Term Loan Facility due 2018.

 

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Industry Analysis

WSTC

Industry Average

Valuation WSTC Industry Range
Price/Earnings 12.4x
Price/Sales 0.8x
Price/Book NM Not Meaningful
Price/Cash Flow 12.2x
TEV/Sales NM Not Meaningful
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