The Dun & Bradstreet Corporation $400 Million Delayed Draw Term Loan and Amendment to Revolving Credit Facility
Davis Polk advised the sole lead arranger and bookrunner and the administrative agent in connection with a $400 million delayed draw term loan provided to The Dun & Bradstreet Corporation and in connection with an amendment to Dun & Bradstreet’s amended and restated $1 billion revolving credit and competitive advance facility. Dun & Bradstreet will use the proceeds of the delayed draw term loan for general corporate purposes, including acquisitions.
Dun & Bradstreet is the world’s leading source of commercial data, analytics and insight on businesses, or “content.” Dun & Bradstreet’s global commercial database contains more than 235 million business records. Dun & Bradstreet transforms commercial data into valuable insight, which is the foundation of the company’s global solutions that customers rely on to make critical business decisions. Headquartered in Short Hills, New Jersey, Dun & Bradstreet is listed on the New York Stock Exchange (NYSE: DNB).
The Davis Polk credit team included partner James A. Florack and associate Jeong M. Oh. The tax team included counsel Gregory T. Hannibal. Counsel Jeanine P. McGuinness provided OFAC advice. Members of the Davis Polk team are based in the New York and Washington DC offices.