Simpson Thacher Represents Underwriters in $1 Billion Notes Offering by Equifax
08.17.21
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The Firm represented the underwriters, led by J.P. Morgan, BofA Securities, Mizuho Securities, Truist Securities and Wells Fargo Securities, in a registered offering of $1 billion aggregate principal amount of 2.35% Senior Notes due 2031 by Equifax Inc. (“Equifax”).
Equifax intends to use the net proceeds from the offering to repay its 3.6% Senior Notes due 2021 and its Floating Rate Notes due 2021, with the remaining net proceeds to be used for general corporate purposes, which may include the repayment of borrowings under Equifax’s commercial paper program or the funding of acquisitions, including Equifax’s $1.825 billion acquisition of Appriss Insights.
Equifax is a global data, analytics and technology company providing information solutions and human resources business process outsourcing services for businesses, governments and consumers.
The Simpson Thacher team for the transaction included Mark Brod, Ben Massey and Rachel Lerman (Capital Markets); Jonathan Cantor and William Smolinski (Tax); Genevieve Dorment and Melanie Jolson (Intellectual Property); and Jennie Getsin (FINRA/Blue Sky).