Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Deutsche's (NYSE:DB) TransUnion LLC Loan Rises

TransUnion LLC’s $950 million term loan, arranged by Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM) and Deutsche Bank AG (NYSE:DB), has risen today on it first trade, according to Markit Group Ltd.

The term loan is for seven years and was issued at par. The first trade brought 101.5 cents on the dollar and then increased to 101.75 cents.

Interest on the 7-year loan was 3.25 percentage point over the London interbank offered rate, or Libor.

If Transunion were to refinance the debt any time in the first year, they would have to pay a 1 cent premium, i.e., lenders received soft-call protection of 101 cent for the first year.