debt
confidence high
sentiment neutral
materiality 0.50
Equifax issues $700M 5.100% Senior Notes due 2028; refinances debt, funds Brazil acquisition
EQUIFAX INC
- $700M aggregate principal of 5.100% Senior Notes due June 1, 2028, issued via underwritten deal.
- Net proceeds of ~$692.1M after discounts and expenses; intended to repay $400M of 3.95% notes due 2023.
- Remaining proceeds to partially finance the pending acquisition of Boa Vista Serviços S.A., a Brazilian credit bureau.
- Boa Vista acquisition expected to close in Q3 2023, subject to shareholder approval and customary conditions.
- Notes are redeemable at par after May 1, 2028, or earlier at Treasury rate plus 30 bps.