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TransUnion to redeem in full two series of PIK toggle notes on July 15
By Marisa Wong
Madison, Wis., June 23 – TransUnion gave notice that it will redeem in full its outstanding 8 1/8%/8 7/8% senior PIK toggle notes due 2018 and 9 5/8%/10 3/8% senior PIK toggle notes due 2018 on July 15.
The 8 1/8%/8 7/8% notes will be redeemed at 102.031 plus accrued interest to the redemption date, and the 9 5/8%/10 3/8% notes will be redeemed at par plus accrued interest to the redemption date.
The redemptions are conditioned on the company obtaining at least $1 billion of proceeds from an initial public offering of stock and borrowings from its credit facilities.
Wells Fargo Bank, NA is the trustee.
TransUnion is a Chicago-based provider of information management and risk management services.
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