TransUnion sets offer price on $145 million incremental loan at par

By Sara Rosenberg

New York, Dec. 11 - TransUnion Corp. finalized the offer price on its $145 million incremental covenant-light term loan due February 2019 at par, the tight end of the 99¾ to par talk, according to a market source.

Pricing on the loan is Libor plus 300 basis points with a 1.25% Libor floor.

Deutsche Bank Securities Inc. is the lead bank on the deal.

Proceeds will be used to help fund the $154 million acquisition of TLO LLC, a data solutions provider specializing in custom, scalable investigative and risk management tools for due diligence, threat assessment, identity authentication, fraud prevention and debt recovery.

Closing is expected before the end of the year.

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

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