SHORT HILLS, NJ, JAN 30, 2020 – Dun & Bradstreet, a leading global provider of business decisioning data and analytics, announced an amendment to its existing credit agreement that reduces the interest rate applicable to its $2,530 million term loan B facility ("Term Loan B"). The interest rate applicable to the Term Loan B as a result of the amendment is LIBOR plus 400 basis points, a reduction of 100 basis points from the previous interest rate of LIBOR plus 500 basis points. Excluding the costs of the transaction and future principal payments, the lower interest rate will save the Company approximately $25 million in interest costs annually through the maturity of the Term Loan B.
The maturity date for the Term Loan B remains February 8, 2026 and no changes were made to the financial covenants or scheduled amortization. The deal was priced on January 29, 2020 and will close and fund on February 10, 2020.