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Published on 4/30/2004 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: infoUSA unaffected

Standard & Poor's said Friday that infoUSA Inc.'s (BB/stable/--) agreement to acquire OneSource Information Services Inc. does not affect the company's rating or outlook.

infoUSA plans to acquire OneSource for about $103 million in cash and will finance the transaction with about $85 million of new debt. The deal is expected to close in early June.

S&P said that infoUSA has focused on debt reduction over the past several years and there was flexibility in the company's rating for debt-financed investments. Debt to EBITDA is about 2x currently and increases to about 3x on a pro forma basis.


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