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TransUnion plans redemption of 11 3/8% notes using facility draw
By Jennifer Chiou
New York, March 11 - TransUnion Holding Co. and TransUnion Corp. plan to enter into senior secured credit facilities, the partial proceeds of which are earmarked for the redemption of their 11 3/8% notes, according to an 8-K filing with the Securities and Exchange Commission.
Included in the facilities are a $1.175 billion replacement term loan tranche due 2021, a $190 million revolving credit facility due 2019 and a new $687 million delayed-draw term loan.
The delayed-draw term loan would be used to redeem the notes.
TransUnion is a Chicago-based provider of information management and risk management services.
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