TransUnion plans redemption of PIK toggle notes using IPO proceeds

By Jennifer Chiou

New York, March 31 – TransUnion LLC intends to use some of the net proceeds from its planned initial public offering of common stock to redeem its 9 5/8% / 10 3/8% senior PIK toggle notes due 2018 at par, according to an S-1 filing with the Securities and Exchange Commission.

As of Dec. 31, the company had $600 million principal amount of the notes outstanding.

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

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