Dun & Bradstreet closes expanded $1 billion five-year revolving loans

By Susanna Moon

Chicago, July 24 – Dun & Bradstreet Corp. obtained an amended $1 billion five-year revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Interest on the loans will be Libor plus 79.5 basis points to 130 bps, based on the company’s debt ratings, with the facility fee ranging form 8 bps to 20 bps.

The company entered into the amended facility Wednesday with J.P. Morgan Securities LLC as the bookrunner and lead arranger.

JPMorgan Chase Bank, NA is the administrative agent; Bank of Tokyo-Mitsubishi UFJ, Ltd. and RBS Citizens, NA are the co-syndication agents; and Bank of America, NA, Barclays Bank plc and HSBC Bank USA, NA are the co-documentation agents.

The original facility had availability of $800 million, the release noted.

At closing the company said it drew $480 million under the facility and used proceeds to offset the amounts outstanding under the original facility.

Dun & Bradstreet is a business information provider based in Short Hills, N.J.

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