By Andrea Heisinger
New York, Nov. 4 - Equifax Inc. sold an upsized $275 million of 4.45% five-year senior unsecured notes on Wednesday to yield Treasuries plus 212.5 basis points, a source away from the deal said.
The size was increased from a planned $250 million, the source said.
The notes (Baa1/BBB+) priced at 99.786 to yield 4.497%. They have a make-whole call at Treasuries plus 35 bps and feature a change-of-control put of 101%.
J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey Inc. ran the books.
Senior co-managers were Bank of America Merrill Lynch, RBS Securities Inc. and Wells Fargo Securities. Co-managers were BNY Mellon Capital Markets, Mizuho Securities and Morgan Keegan & Co.
Proceeds will be used to repay borrowings under a commercial paper program.
The information services provider is based in Atlanta.
| Issuer: | Equifax Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $275 million, increased from $250 million
|
| Maturity: | Dec. 1, 2014
|
| Bookrunners: | J.P. Morgan Securities Inc., SunTrust Robinson Humphrey Inc.
|
| Senior co-managers: | Bank of America Merrill Lynch, RBS Securities Inc., Wells Fargo Securities
|
| Co-managers: | BNY Mellon Capital Markets, Mizuho Securities, Morgan Keegan & Co.
|
| Coupon: | 4.45%
|
| Price: | 99.786
|
| Yield: | 4.497%
|
| Spread: | Treasuries plus 212.5 bps
|
| Call: | Make-whole at Treasuries plus 35 bps
|
| Change-of-control put: | 101%
|
| Trade date: | Nov. 4
|
| Settlement date: | Nov. 9
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
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