TransUnion to launch $1.86 billion in term loans on Tuesday afternoon

By Sara Rosenberg

New York, March 10 - TransUnion LLC will hold a call at 3 p.m. ET on Tuesday to launch $1,862,000,000 in seven-year covenant-light term loan debt, according to a market source.

Deutsche Bank Securities Inc., Goldman Sachs Bank USA, Bank of America Merrill Lynch, RBC Capital Markets and Credit Suisse Securities (USA) LLC are the bookrunners on the deal.

The debt consists of a $1,175,000,000 term loan B and a $687 million delayed-draw term loan B, the source said.

Included in the loans is 101 soft call protection for six months.

Proceeds will be used to refinance existing debt.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.