CoreLogic gets necessary consents to amend 7¼% notes indenture

By Marisa Wong

Madison, Wis., Nov. 15 - CoreLogic, Inc. received consents from holders of more than a majority in principal amount of its 7¼% senior notes due 2021, enough to amend the indenture dated May 20, 2011 governing the notes, according to an 8-K filing with the Securities and Exchange Commission.

The company executed a supplemental indenture on Nov. 13 with Wilmington Trust, NA as trustee.

The supplemental indenture adds an additional basket permitting the company to make restricted payments of up to $150 million per calendar year for uses including the purchase or repurchase of its outstanding common stock provided that the leverage ratio does not exceed 3.25 to 1.00.

Restricted payments made under the new basket will not reduce the amount of restricted payments that the company is otherwise permitted to make, the filing noted.

The Irvine, Calif.-based company provides financial, property and consumer information and analytics.

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