Summary
Equifax Inc. (EFX) announced on December 10, 2012, the successful issuance and sale of $500 million aggregate principal amount of 3.30% Senior Notes due December 15, 2022. This offering was conducted through an Underwriting Agreement with J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, acting as representatives for the underwriters. The new senior notes will be governed by an existing Indenture dated June 29, 1998, as supplemented by a Fourth Supplemental Indenture dated December 17, 2012. The company has also filed related documentation, including the Underwriting Agreement, the form of the Fourth Supplemental Indenture, an opinion of counsel regarding the validity of the notes, and its computation of earnings to fixed charges ratio. This issuance is a significant event for investors, indicating capital raising activities by Equifax.
Key Highlights
- 1Equifax Inc. successfully issued $500 million in Senior Notes.
- 2The notes carry a coupon rate of 3.30% and mature on December 15, 2022.
- 3The offering was managed by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC.
- 4The issuance is governed by an existing Indenture and a new Fourth Supplemental Indenture.
- 5The company filed supporting documents including the underwriting agreement and legal opinions.
- 6This action indicates Equifax's strategy for capital management and potential growth financing.