EX-99.1
4
d466135dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
West Corporation and Affiliates of Certain Funds Managed by Affiliates of Apollo Global
Management Announce the Closing of the Previously Announced Transaction
NEW YORK and OMAHA, October 10, 2017 - West Corporation ("West" or the "Company") (Nasdaq:WSTC), a global provider of
communication and network infrastructure services, and affiliates of certain funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), a
leading global alternative investment manager, today announced the successful completion of the previously announced transaction, whereby affiliates of the Apollo Funds acquired all of the outstanding shares of West common stock for $23.50 per share
in cash.
On May 9, 2017, West announced that West and certain affiliates of the Apollo Funds had entered into a merger agreement whereby upon
completion of the transaction, West stockholders would be entitled to receive $23.50 per share in cash in exchange for their shares of West common stock. The transaction has an enterprise value of approximately $5.2 billion, including net debt
and transaction fees and expenses. As a result of the transaction, West common stock will no longer trade on the Nasdaq Stock Market and will be delisted.
Tom Barker, Chairman and Chief Executive Officer of West, said, "We are pleased to have completed the transaction with the Apollo Funds and for West to
begin this new chapter. Apollo shares our vision to continue to advance West's position as a leading technology services business".
About
West Corporation
West Corporation (Nasdaq:WSTC) is a global provider of communication and network infrastructure services. West helps its clients more
effectively communicate, collaborate and connect with their audiences through a diverse portfolio of solutions that include unified communications services, safety services, interactive services such as automated notifications, telecom services and
specialized agent services.
For 30 years, West has provided reliable, high-quality voice and data services. West has sales and operations in the United
States, Canada, Europe, the Middle East, Asia Pacific and Latin America. For more information please visit www.west.com.
About Apollo Global Management
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London,
Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $232 billion as of June 30, 2017 in private equity, credit and real estate funds invested across a core
group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com.
At West
Corporation:
Dave Pleiss
VP Investor and Public
Relations
West Corporation
(402)
963-1500
dmpleiss@west.com
At Apollo:
For investor inquiries regarding
Apollo:
Gary M. Stein
Head of Corporate
Communications
(212)
822-0467
gstein@apollolp.com
Noah Gunn
Investor Relations Manager
(212)
822-0540
ngunn@apollolp.com
For media inquiries regarding Apollo:
Charles
Zehren
Rubenstein Associates, Inc.
(212)
843-8590
czehren@rubenstein.com

EX - 99 . 1 4 d466135dex991 . htm EX - 99 . 1 EX - 99 . 1 Exhibit 99 . 1 West Corporation and Affiliates of Certain Funds Managed by Affiliates of Apollo Global Management Announce the Closing of the Previously Announced Transaction NEW YORK and OMAHA , October 10 , 2017 - West Corporation ( " West " or the " Company " ) ( Nasdaq : WSTC ) , a global provider of communication and network infrastructure services , and affiliates of certain funds ( the " Apollo Funds " ) managed by affiliates of Apollo Global Management , LLC ( together with its consolidated subsidiaries , " Apollo " ) ( NYSE : APO ) , a leading global alternative investment manager , today announced the successful completion of the previously announced transaction , whereby affiliates of the Apollo Funds acquired all of the outstanding shares of West common stock for $ 23.50 per share in cash . On May 9 , 2017 , West announced that West and certain affiliates of the Apollo Funds had entered into a merger agreement whereby upon completion of the transaction , West stockholders would be entitled to receive $ 23.50 per share in cash in exchange for their shares of West common stock . The transaction has an enterprise value of approximately $ 5.2 billion , including net debt and transaction fees and expenses . As a result of the transaction , West common stock will no longer trade on the Nasdaq Stock Market and will be delisted . Tom Barker , Chairman and Chief Executive Officer of West , said , " We are pleased to have completed the transaction with the Apollo Funds and for West to begin this new chapter . Apollo shares our vision to continue to advance West 's position as a leading technology services business " . About West Corporation West Corporation ( Nasdaq : WSTC ) is a global provider of communication and network infrastructure services . West helps its clients more effectively communicate , collaborate and connect with their audiences through a diverse portfolio of solutions that include unified communications services , safety services , interactive services such as automated notifications , telecom services and specialized agent services . For 30 years , West has provided reliable , high - quality voice and data services . West has sales and operations in the United States , Canada , Europe , the Middle East , Asia Pacific and Latin America . For more information please visit www.west.com . About Apollo Global Management Apollo is a leading global alternative investment manager with offices in New York , Los Angeles , Houston , Chicago , St . Louis , Bethesda , Toronto , London , Frankfurt , Madrid , Luxembourg , Mumbai , Delhi , Singapore , Hong Kong and Shanghai . Apollo had assets under management of approximately $ 232 billion as of June 30 , 2017 in private equity , credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources . For more information about Apollo , please visit www.agm.com . At West Corporation : Dave Pleiss VP Investor and Public Relations West Corporation ( 402 ) 963 - 1500 dmpleiss@west.com At Apollo : For investor inquiries regarding Apollo : Gary M. Stein Head of Corporate Communications ( 212 ) 822 - 0467 gstein@apollolp.com Noah Gunn Investor Relations Manager ( 212 ) 822 - 0540 ngunn@apollolp.com For media inquiries regarding Apollo : Charles Zehren Rubenstein Associates , Inc . ( 212 ) 843 - 8590 czehren@rubenstein.com