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Dun & Bradstreet tightens $300 million term loan OID to 99.125
By Sara Rosenberg
New York, Nov. 10 – Dun & Bradstreet Holdings Inc. revised the original issue discount on its fungible $300 million add-on first-lien term loan to 99.125 from talk in the range of 98.79 to 99, according to a market source.
Pricing on the add-on term loan is Libor plus 375 basis points with a 0% Libor floor.
BofA Securities Inc. is the lead on the deal.
Proceeds will be used to help fund the acquisition of Bisnode Business Information Group AB, a European data and analytics firm, for about $818 million, split between 75% in cash and 25% in newly issued shares of common stock.
Closing is expected in January, subject to required regulatory approvals and customary conditions.
Dun & Bradstreet is a Short Hills, N.J.-based provider of business decisioning data and analytics.
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