TransUnion to launch $1.9 billion term loan B-2 on Wednesday

By Sara Rosenberg

New York, Jan. 10 – TransUnion LLC is set to hold a lender call at 10:30 a.m. ET on Wednesday to launch a $1.9 billion covenant-light term loan B-2 (B1/BB-) due April 2023, according to a market source.

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

Price talk on the term loan B-2 is Libor plus 250 basis points with a 0.75% Libor floor and an original issue discount of 99.875 to par, the source said.

The term loan B-2 has 101 soft call protection for six months.

Proceeds will be used to reprice an existing term loan B-2 from Libor plus 275 bps with a 0.75% Libor floor, remove the existing pricing grid, and extend the maturity from April 2021.

Commitments are due at noon ET on Jan. 19, the source added.

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

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