TransUnion plans up to $3.1 billion term loan for Neustar buy

By Sara Rosenberg

New York, Sept. 13 – TransUnion has received a commitment for an up to $3.1 billion incremental senior secured term loan to help fund its acquisition of Neustar and refinance certain debt, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Deutsche Bank Securities Inc., Capital One and RBC Capital Markets provided the debt commitment.

Neustar is being bought from an investment group led by Golden Gate Capital and with minority participation by GIC for $3.1 billion in cash.

Other funds for the transaction will come from cash on hand.

Leverage is expected to be around 4.2x, with plans to delever back to about 3.5x by the end of 2022.

Closing is anticipated in the fourth quarter, subject to customary conditions and regulatory approvals.

TransUnion is a Chicago-based information and insights company. Neustar is a Reston, Va.-based information services and technology company.

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