TransUnion widens price talk on $940 million term loan to Libor plus 475-500 basis points

By Sara Rosenberg

New York, June 8 - TransUnion raised price talk on its $940 million term loan to Libor plus 475 basis points to 500 bps from Libor plus 375 bps to 400 bps, and revised the original issue discount to 98½ from the 99 area, according to a market source.

Also, 101 soft call protection for one year was added to the term loan.

As before, the term loan carries a 1.75% Libor floor.

The company's $1.19 billion credit facility (Ba3/BB-) also includes a $250 million revolver.

Commitments are due from lenders on Wednesday afternoon.

Deutsche Bank, Bank of America, JPMorgan and Credit Suisse are the lead banks on the deal, with Deutsche the left lead.

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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