TransUnion to price $600 million PIK toggle notes late this week

By Paul A. Harris

Portland, Ore., Feb. 27 - TransUnion LLC plans to price a $600 million offering of 6.25-year payment-in-kind toggle notes (Caa1/B-) late in the Feb. 27 week, market sources say.

Goldman Sachs & Co. has the books.

The notes come with 2.25 years of call protection.

Proceeds will be used to help fund the buyout of the company by Advent International and GS Capital Partners VI Fund LP from Madison Dearborn Partners and the Pritzker family for $1,685,000,000.

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

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