TransUnion lifts term loan B-5 to $2.6 billion, revises issue price

By Sara Rosenberg

New York, Nov. 7 – TransUnion LLC upsized its seven-year covenant-lite term loan B-5 to $2.6 billion from $1.75 billion and tightened the issue price to par from 99.75, according to a market source.

Pricing on the term loan B-5 remained at Libor plus 175 basis points.

The term loan B-5 has 101 soft call protection for six months.

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

Recommitments are due at 1 p.m. ET on Friday, the source said.

Proceeds will be used to repay in full the company’s existing term loan B-3 and B-4 tranches, as opposed to repaying a portion of the debt, the source added.

TransUnion is a Chicago-based provider of risk and information solutions to businesses and consumers.

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