IHS adds $550 million tranche A-2 term loan for Oil Price acquisition

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – IHS Inc. created a new $550 million tranche A-2 term loan on Wednesday to finance its acquisition of Oil Price Information Service, LLC, according to an 8-K filing with the Securities and Exchange Commission.

The tranche A-2 of term loans was added under IHS’ credit agreement dated Oct. 17, 2014 with Bank of America, NA as administrative agent.

Also on Wednesday, IHS modified its revolving credit agreement dated Oct. 17, 2014 with Bank of America as administrative agent to allow the incurrence of the tranche A-2 term loans.

IHS completed its acquisition of the Gaithersburg, Md.-based provider of U.S. refined petroleum pricing data, news and analytics on Wednesday.

IHS is an Englewood, Colo.-based provider of information, insight and analytics.

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