Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading global provider of business decisioning data and analytics, announced today that its indirect wholly owned subsidiary, The Dun & Bradstreet Corporation (the “Borrower”), has completed the issuance of Incremental Term Loans in an aggregate amount of $460.0 million (the “Incremental Term Loans”) that were incurred pursuant to the Borrower’s exercise of its option to request incremental term loans under its senior secured credit facilities. The Incremental Term Loans are guaranteed on a senior secured basis by each of the Borrower’s subsidiaries that guarantees indebtedness under the Borrower’s senior secured credit facilities.
The Borrower used the net proceeds from the Incremental Term Loans to (i) fund the previously announced redemption of all of its outstanding 6.875% senior first lien notes due 2026 and (ii) pay related fees, costs, premiums and expenses. The Incremental Term Loans will bear interest at a rate equal to SOFR plus 3.25% and will mature on January 18, 2029. Except as otherwise provided in the documentation for the amended senior secured credit facilities, all other terms applicable to the Incremental Term Loans are the same as the existing term loans that were in effect prior to the issuance of such Incremental Term Loans.
Check Out the New Martech Cube Podcast. For more such updates, follow us on Google News Martech News