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S&P rates TransUnion loans BBB-, BB
S&P said it assigned BBB- and 2 recovery ratings to TransUnion’s planned $3.1 billion senior secured first-lien term loan tranche and BB and 5 recovery ratings to its expected $640 million second-lien term loan.
Concurrently, the agency affirmed TransUnion’s BB+ issuer rating.
TransUnion will use the proceeds to finance its previously announced acquisitions of Neustar Inc. and Sontiq. It will also sell its health care business for expected net proceeds of $1.4 billion. The company plans to use the proceeds to repay debt and for general corporate purposes.
The outlook is stable.
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