TransUnion launches amendment to shift loans to SOFR from Libor

By Sara Rosenberg

New York, May 8 – TransUnion LLC launched a negative consent amendment to transition its revolving credit facility, term loan A-3, term loan B-5 and term loan B-6 to SOFR from Libor and add a credit spread adjustment, according to a market source.

The CSA being offered is 10 basis points one-month rate, 15 bps three-month rate and 25 bps six-month rate, the source said.

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

The amendment deadline is 5 p.m. ET on Friday, the source added.

TransUnion is a Chicago-based information and insights company.

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