TransUnion Enters Material Definitive Agreement
Ticker: TRU · Form: 8-K · Filed: Jun 27, 2024 · CIK: 1552033
| Field | Detail |
|---|---|
| Company | Transunion (TRU) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1,500,000,000, $250,000,000, $679,500,000, $3,750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: TRU
TL;DR
TransUnion just signed a big deal, new financial obligation incoming.
AI Summary
On June 24, 2024, TransUnion entered into a material definitive agreement related to a financial obligation. The filing does not disclose specific details of the agreement or any associated dollar amounts, but it indicates a significant financial event for the company.
Why It Matters
This filing signals a new financial commitment or obligation for TransUnion, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The nature of the financial obligation is not specified, creating uncertainty about its potential impact on TransUnion's financial health.
Key Players & Entities
- TransUnion (company) — Registrant
- June 24, 2024 (date) — Date of Report
FAQ
What type of material definitive agreement did TransUnion enter into?
The filing states that TransUnion entered into a material definitive agreement, but does not specify the exact nature of the agreement.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated June 24, 2024.
What is TransUnion's principal executive office address?
TransUnion's principal executive office is located at 555 West Adams Street, Chicago, Illinois 60661.
What is TransUnion's IRS Employer Identification Number?
TransUnion's IRS Employer Identification Number is 61-1678417.
What are the item information categories listed in this filing?
The item information categories are: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, and Financial Statements and Exhibits.
Filing Stats: 928 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2024-06-27 16:32:33
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TRU New York Stock Exchange
- $1,500,000,000 — ans in an aggregate principal amount of $1,500,000,000 (the "2024 Refinancing Term B-8 Loans")
- $250,000,000 — n other indebtedness of the Borrower if $250,000,000 of such indebtedness remains outstandin
- $679,500,000 — fter giving effect to such refinancing, $679,500,000 of 2019 Replacement Term B-5 Loans rema
- $3,750,000 — ng Term B-8 Loans in an amount equal to $3,750,000 per quarter beginning with the quarter
Filing Documents
- ck0001552033-20240624.htm (8-K) — 28KB
- 0001552033-24-000057.txt ( ) — 151KB
- ck0001552033-20240624.xsd (EX-101.SCH) — 2KB
- ck0001552033-20240624_lab.xml (EX-101.LAB) — 21KB
- ck0001552033-20240624_pre.xml (EX-101.PRE) — 12KB
- ck0001552033-20240624_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On June 24, 2024, 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. 23 (the "Amendment") to the Third Amended and Restated Credit Agreement, dated as of August 9, 2017 (as amended, amended and restated, supplemented and/or otherwise modified from time to time, including pursuant to the Amendment, the "Credit Agreement"). Capitalized terms used and not otherwise defined herein have the respective meanings given such terms in the Credit Agreement. Pursuant to the Amendment, the Credit Agreement was amended to, among other things, (i) refinance a portion of the Borrower's outstanding 2019 Replacement Term B-5 Loans with a new tranche of term loans in an aggregate principal amount of $1,500,000,000 (the "2024 Refinancing Term B-8 Loans"), (ii) extend the maturity date applicable to the Revolving Credit Facility and the 2023 Refinancing Term A-4 Loans to June 24, 2029 (subject to a springing maturity date to 91 days before the maturity date of certain other indebtedness of the Borrower if $250,000,000 of such indebtedness remains outstanding 91 days before the scheduled maturity thereof), (iii) remove the credit spread adjustment applicable to the Revolving Credit Facility and 2023 Refinancing Term A-4 Loans and (iv) make certain other changes to the Credit Agreement as set forth therein. In addition, all of the obligations under the Loan Documents were reaffirmed in all respects. The proceeds of the 2024 Refinancing Term B-8 Loans, together with cash on hand at Holdings and its subsidiaries, were used to refinance a portion of the existing 2019 Replacement Term B-5 Loans and to pay accrued interest, fees and expenses incurred in connection therewith. Immediately after giving effect to su
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover page Interactive Data File (embedded within the inline XBRL file).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized. TRANSUNION Date: June 27, 2024 By: /s/ Todd M. Cello Name: Todd M. Cello Title: Executive Vice President, Chief Financial Officer