TransUnion (TRU): debt financing — TransUnion refinances $1.9B in credit facilities; increases revolver by $300M

TransUnion

Entered $1.3B 2023 Refinancing Term A-4 Loans and $600M New Revolving Credit Commitments (up $300M).
Proceeds used to refinance $1.0B Term A-3 Loans and prepay $300M of Term B-6 Loans.
New loans mature Oct 27, 2028; quarterly amortization: $8.125M for first 8 quarters, then $16.25M.
Interest rates: SOFR + margin 1.25%-2.00% (0.10% CSA) or base rate + margin 0.25%-1.00%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TransUnion incurred term loan of $1,300,000,000 with Deutsche Bank AG New York Branch at SOFR plus applicable margin that ranges from 1.25% to 2.00% or alternate base ra maturing October 27, 2028.

Instrument: term loan
Principal: $1,300,000,000
Counterparty: Deutsche Bank AG New York Branch
Rate: SOFR plus applicable margin that ranges from 1.25% to 2.00% or alternate base ra
Maturity: October 27, 2028
Event: incurrence

Exact text from the filing

provide for new term loans in an aggregate principal amount of $1,300,000,000 (the "2023 Refinancing Term A-4 Loans")

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TransUnion incurred revolving credit of $600,000,000 with Deutsche Bank AG New York Branch at SOFR plus applicable margin that ranges from 1.25% to 2.00% or alternate base ra maturing October 27, 2028.

Instrument: revolving credit
Principal: $600,000,000
Counterparty: Deutsche Bank AG New York Branch
Rate: SOFR plus applicable margin that ranges from 1.25% to 2.00% or alternate base ra
Maturity: October 27, 2028
Event: incurrence

Exact text from the filing

Pursuant to the Amendment, the Credit Agreement was amended to, among other things: (1) refinance in full the existing revolving credit facility with a new tranche of revolving credit commitments in an aggregate principal amount of $600,000,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TransUnion amended Amendment No. 21 with Deutsche Bank AG New York Branch valued at $1,300,000,000 (effective 2023-10-27).

Action: amendment
Agreement: credit facility
Counterparty: Deutsche Bank AG New York Branch
Value: $1,300,000,000
Effective: 2023-10-27

Exact text from the filing

On October 27, 2023, TransUnion Intermediate Holdings, Inc. (“Holdings”), Trans Union LLC (the “Borrower”), certain wholly-owned subsidiaries of TransUnion, Deutsche Bank AG New York Branch, as the administrative agent and the collateral agent, and the lenders party thereto entered into Amendment No. 21 (the “Amendment”) to the Third Amended and Restated Credit Agreement

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TransUnion amended Amendment No. 21 with Deutsche Bank AG New York Branch valued at $1,300,000,000 (effective 2023-10-27).

Action: amendment
Agreement: credit facility
Counterparty: Deutsche Bank AG New York Branch
Value: $1,300,000,000
Effective: 2023-10-27

Exact text from the filing

(“Holdings”), Trans Union LLC (the “Borrower”), certain wholly-owned subsidiaries of TransUnion, Deutsche Bank AG New York Branch, as the administrative agent and the collateral agent, and the lenders party thereto entered into Amendment No.

View on SEC.gov

Browse all debt financings →

TransUnion filing history →

Source: SEC EDGAR

accession 0001552033-23-000053

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.