CoreLogic offering $750 million seven-year senior secured notes; initial guidance mid-4% area

By Paul A. Harris

Portland, Ore., April 12 – CoreLogic Inc. plans to place $750 million of seven-year senior secured first-lien notes (expected ratings B1/B), according to market sources.

Initial guidance has the notes coming to yield in the mid 4% area.

Pricing is expected Wednesday.

J.P. Morgan Securities LLC is the lead.

The notes come with three years of call protection.

Proceeds plus a $4 billion term loan will be used to help fund the buyout of the company by Stone Point Capital and Insight Partners.

CoreLogic is an Irvine, Calif.-based property information, analytics and data-enabled solutions provider.

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