8-KOther EventsExhibits & Filings

EQUIFAX INC 8-K Report, Corporate Update (Dec 10, 2012)

Filed December 10, 2012For Securities:EFX

Summary

Equifax Inc. (EFX) announced on December 10, 2012, through a Form 8-K filing, a significant development in its business strategy: the definitive asset purchase agreement for its subsidiary, Equifax Information Services LLC, to acquire certain credit services business assets and operations from CSC Credit Services, Inc., a subsidiary of Computer Sciences Corporation. This acquisition is positioned to enhance Equifax's existing credit services offerings. The filing includes the necessary financial statements and pro forma information related to this acquisition. Specifically, it provides audited and unaudited financial statements for the acquired CSC Credit Services business, as well as unaudited pro forma condensed combined financial information for Equifax. This allows investors to assess the financial implications and potential impact of the transaction on Equifax's overall financial position and future performance.

Key Highlights

  • 1Equifax Inc. subsidiary to acquire credit services assets from CSC Credit Services.
  • 2Definitive asset purchase agreement signed on December 1, 2012.
  • 3Filing includes audited financial statements for the acquired business (fiscal year ended March 31, 2012).
  • 4Filing includes unaudited condensed financial statements for the acquired business (six months ended September 30, 2012 & 2011).
  • 5Pro forma combined financial information for Equifax is included to show potential combined results.
  • 6The financial information is being filed to be incorporated by reference into Equifax's Form S-3 registration statement.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the execution of a definitive asset purchase agreement by Equifax Information Services LLC to acquire certain credit services business assets and operations from CSC Credit Services, Inc. It also serves to file the required financial information for the acquired business and pro forma combined financials, which will be incorporated into Equifax's Form S-3 registration statement.

Equifax, through its subsidiary Equifax Information Services LLC, is acquiring certain credit services business assets and operations from CSC Credit Services, Inc., a subsidiary of Computer Sciences Corporation.

The filing includes audited consolidated financial statements for CSC Credit Services for the fiscal year ended March 31, 2012, and unaudited condensed financial statements for the six months ended September 30, 2012, and 2011. Additionally, it provides unaudited pro forma condensed combined financial information for Equifax as of September 30, 2012, and for the periods then ended.

The financial information is being filed as part of this 8-K so that it can be incorporated by reference into Equifax's effective Form S-3 registration statement. This is a regulatory step often required when a significant acquisition is made and the company has a shelf registration statement available.