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Moody's: TransUnion notes Caa1
Moody's Investor Service said it assigned a Caa1 rating to TransUnion Holding Co., Inc.'s proposed $400 million of senior unsecured payment-in-kind toggle notes due 2018.
Concurrently, the rating on operating company TransUnion LLC's senior unsecured notes was raised to B2 from B3.
All other ratings were affirmed, including the B2 corporate family rating.
The outlook is stable.
Proceeds from the notes will be used to pay a one-time dividend to financial sponsors Advent International and GS Capital Partners and to pay fees and expenses.
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