TransUnion to sell $400 million six-year PIK toggle notes Tuesday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Oct. 23 - TransUnion Holding Co. Inc. intends to sell a $400 million issue of senior PIK toggle notes due 2018 (expected ratings Caa1/B-), with price guidance in the mid-8% range, a market source said.

An investor told Prospect News that the deal is already two-times oversubscribed, and there is a lot of reverse inquiry.

Goldman Sachs & Co. and Deutsche Bank Securities Inc. are the joint bookrunners.

Proceeds from the Rule 144A and Regulation S transaction will be used to fund a sponsor dividend.

TransUnion is a Chicago-based provider of information management and risk management services.

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