Solera Holdings’ unit Audatex North America has raised $450 million through a sale of senior notes. The bonds, which carry a coupon rate of 6.75%, will mature on June 15, 2018 and be guaranteed by Solera and all of its domestic subsidiaries.
Audatex plans to use the proceeds from the offering to finance the acquisition of Explore Information Services, to pay related fees and expenses and for general corporate purposes. Goldman Sachs and Bank of America acted as the joint book-running managers for the sale, adds Reuters.
