Equifax enters new $1.5B revolver and $700M term loan to finance Appriss acquisition

EQUIFAX INC

New $1.5B unsecured revolver replaces existing $1.1B facility; matures in 5 years.
Entered $700M delayed-draw term loan; expects full draw on Appriss closing date.
Existing $1.1B facility terminated upon effectiveness of new credit agreements.
Leverage ratio covenant set at 3.75x-4.25x depending on post-Appriss acquisition period.
Interest on borrowings is based on base rate or LIBOR plus margins tied to debt ratings.

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