TransUnion refinances Deutsche Bank facility totaling $1.9 billion

By William Gullotti

Buffalo, N.Y., Oct. 27 – TransUnion Intermediate Holdings, Inc. and TransUnion LLC amended and refinanced a heavily amended credit agreement with Deutsche Bank AG New York Branch as administrative agent on Friday, according to an 8-K filing with the Securities and Exchange Commission.

Under the amended agreement, TransUnion and its subsidiary borrowers refinanced in full its existing revolving credit facility with a new $600 million revolver, a $300 million increase from the previous revolver.

Also included were new term loans totaling $1.3 billion, used to fully refinance TransUnion’s outstanding 2019 replacement term A-3 loans and to prepay $300 million of its 2021 incremental term B-6 loans.

The new revolver and new term loans rank equal in right of payment and equal in right of security with TransUnion’s 2021 incremental term B-6 loans and the 2019 replacement term B-5 loans.

The borrower is required to make quarterly amortization payments on the new term loans in an amount equal to $8,125,000 per quarter for the first eight quarters following Jan. 1, 2024 and $16.25 million for each quarter afterwards.

Both the new revolver and new term facility mature on Oct. 27, 2028, subject to a springing maturity date to 91 days before the maturity date of certain other debt if $250 million of such indebtedness remains outstanding 91 days before its scheduled maturity.

Interest will be SOFR plus a margin ranging from 125 basis points to 200 bps plus 10 bps CSA.

TransUnion is a Chicago-based information and insights company.

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