CHICAGO, IL--(Marketwire - Apr 20, 2011) - TransUnion Corp., a global leader in credit and information management services, announced today the expiration of the exchange offer by its subsidiaries, Trans Union LLC and TransUnion Financing Corporation (the "Issuers"), for their outstanding unregistered 11 ⅜% Senior Notes due 2018, Series A (the "Outstanding Notes"). The Outstanding Notes were issued on June 15, 2010, in a private placement exempt from the registration requirements of the Securities Act of 1933.
In the exchange offer, $645,000,000 aggregate principal amount of Outstanding Notes were validly tendered and not validly withdrawn prior to the expiration of the exchange offer at 5:00 p.m., New York City time, on April 18, 2011, which represents 100% of the aggregate principal amount of Outstanding Notes outstanding upon commencement of the exchange offer. The Issuers have accepted for exchange all of the Outstanding Notes validly tendered and not validly withdrawn and settlement will occur promptly. At settlement, the Outstanding Notes accepted will be exchanged for an equal principal amount of a new issue of 11 ⅜% Senior Notes due 2018, Series B (the "Exchange Notes"). Terms of the Exchange Notes are substantially identical to those of the Outstanding Notes, except that the transfer restrictions and registration rights relating to the Outstanding Notes do not apply to the Exchange Notes.
This news release is for informational purposes only, and is not an offer to buy or the solicitation of an offer to sell any security. The exchange offer was made only pursuant to the exchange offer documents, including the prospectus and letter of transmittal that were distributed to the holders of the original notes and have been filed with the Securities and Exchange Commission.
About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion has employees in more than 25 countries on five continents.