Equifax selling $500 million 10-year notes Monday for CSC acquisition

By Andrea Heisinger

New York, Dec. 10 - Equifax Inc. is expected to price $500 million of senior notes due Dec. 15, 2022 on Monday, a market source said.

The notes (Baa1/BBB+/) have a make-whole call until Sept. 15, 2022 and a par call after that date. There is a change-of-control put at 101%.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the active bookrunners. Passive bookrunners are Bank of America Merrill Lynch and SunTrust Robinson Humphrey Inc.

Proceeds will be used, along with borrowings under a commercial paper program and available cash, for the acquisition of CSC Credit Services, Inc. for $1 billion in cash.

There is a mandatory call at 101 if the acquisition is not done by June 30, 2013.

Equifax last sold bonds in a $275 million sale of five-year notes on Nov. 4, 2009.

The information services provider is based in Atlanta.

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