Equifax pays down debt under $800 million 364-day revolving facility

By Susanna Moon

Chicago, May 20 – Equifax Inc. repaid its debt under its $800 million 364-day revolving credit facility on Monday and terminated the credit agreement with SunTrust Bank as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The company said it used some of the proceeds of a senior notes issue to repay the 364-day revolver.

As previously reported, the company priced $500 million of 2.3% five-year notes at 99.952 to yield 2.31%, or 110 basis points over Treasuries, and $275 million of 3.25% 10-year notes at 99.964 to yield 3.254%, or 150 bps over Treasuries, on May 5.

Atlanta-based Equifax is an information technology provider that collects and organizes credit, financial, public record, demographic and marketing information on individuals and businesses.

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