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TransUnion sets Tuesday launch for $1.19 billion credit facility
By Sara Rosenberg
New York, May 21 - TransUnion is scheduled to hold a bank meeting on Tuesday to launch its proposed $1.19 billion credit facility, according to a market source.
Deutsche Bank, Bank of America and JPMorgan are the lead banks on the deal, with Deutsche the left lead.
The facility consists of a $250 million revolver and a $940 million term loan, with price talk still to be determined, the source said.
Proceeds will be used to help fund Madison Dearborn Partners LLC's acquisition of a 51% interest in TransUnion from the Pritzker family.
Closing of the transaction is subject to the satisfaction of customary conditions and regulatory approvals.
TransUnion is a Chicago-based provider of credit and information management.
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