BOSTON, Mass., September 30, 2009 - 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.
Contact Information:
Nancy Finn
Global Marketing Communications
nancy.finn@stream.com
781-304-1846 About Stream Global Services
Stream Global Services is a premium business process outsource (BPO) service provider specializing
in customer relationship management including sales, customer care and technical support for Fortune
1000 companies. Stream is a trusted partner to some of the world's leading technology, computing,
telecommunications, retail, entertainment/media, and financial services companies. Our service programs
are delivered through a set of standardized best practices and sophisticated technologies by a highly
skilled workforce of approximately 30,000 employees based out of 50 solution centers in 22 countries
supporting more than 35 languages. Stream continues 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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