TransUnion sets lenders' call for Tuesday to launch loan amendment

By Sara Rosenberg

New York, Feb. 17 - TransUnion Corp. will hold a lender call at 1 p.m. ET on Tuesday to discuss an amendment to its existing credit facility and its buyout by Advent International and GS Capital Partners VI Fund LP, according to a market source.

Deutsche Bank Securities Inc. and Goldman Sachs & Co. are the lead banks on the transaction.

Details on the amendment are not yet available, the source said.

The company is being acquired from Madison Dearborn Partners and the Pritzker family for about $1.685 billion, plus the assumption or replacement of existing debt.

In a news release, the company said that it has received commitments for new bank debt and bridge financing to help fund the acquisition.

Also, in an 8-K filed Friday, TransUnion revealed that it expects to incur at a holding company level up to about $600 million of PIK/toggle debt (Caa1) with a maturity in 2018 and first call date in 2014.

Closing is expected late in the first quarter of early in the second quarter, subject to regulatory approval.

TransUnion is a Chicago-based provider of information management and risk management services.

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