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| [March 08, 2013] |
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Stream Global Services Inc. Announces Pricing of $30 Million 11.25% Senior Secured Notes Due 2014
EAGAN, Minn. --(Business Wire)--
Stream Global Services, Inc. ("Stream"), a global business process
outsourcing (BPO) service provider specializing in customer relationship
management, including sales, customer care and technical support
primarily for Fortune 1000 companies, today announced that it has priced
$30 million of 11.25% senior secured notes due 2014 (the "Notes") at
102.0% plus accrued interest from October 1, 2012. The Notes were
offered and sold in the United States only to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and in offshore transactions to
non-United States persons in reliance on Regulation S under the
Securities Act.
The terms of the Notes are identical to the $200 million of notes issued
in October 2009 (the "Existing Notes"). On the issue date of the Notes,
each of the Company's direct and indirect subsidiaries that guarantee
the Existing Notes will guarantee the Notes. The Notes and the Existing
Notes will be treated as a single class for all purposes under the
indenture (including, without limitation, waivers, amendments,
redemptions and other offers to purchase) and the Notes will rank
equally with the Existing Notes. Because nearly all of the Existing
Notes are now unrestricted, the Notes and the Existing Noteswill
initially have different CUSIP numbers. Following the consummation of
the exchange offer for the Notes, it is expected that all of the Notes
exchanged in the exchange offer and nearly all of the Existing Notes
will have the same CUSIP number.
The sale of the Notes is expected to be consummated on March 13, 2013,
subject to customary closing conditions.
The Notes and related guarantees have not been registered under the
Securities Act or the securities laws of any other jurisdiction and may
not be offered or sold in the United States or to or for the benefit of
U.S. persons unless so registered except pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the
Securities Act and applicable securities laws in other jurisdictions.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes and the related guarantees,
nor shall there be any sale of the Notes and the related guarantees in
any jurisdiction in which such offer, solicitation or sale is unlawful.
Any offer of the Notes and related guarantees will be made only by means
of a private offering memorandum. This press release is being issued
pursuant to and in accordance with Rule 135c under the Securities Act.
About Stream Global Services: Stream Global Services is a
global business process outsourcing (BPO) service provider specializing
in customer relationship management, including sales, customer care and
technical support primarily for Fortune 1000 companies. Stream is a
trusted partner to multinational computing/hardware, telecommunications,
service providers, software/networking, entertainment/media, retail,
travel and financial services companies. Stream's service programs are
delivered through a set of standardized best practices and sophisticated
technologies by a highly skilled multilingual workforce of over 37,000
employees capable of supporting over 35 languages across approximately
51 service centers in 22 countries. Stream strives to continue to expand
its global presence and service offerings to increase revenue, improve
operational efficiencies and drive brand loyalty for its clients. To
learn more about the company and its complete service offering, please
visit www.stream.com.

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