Equifax Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT

DEBT

3 Months Ended

Mar. 31, 2016

Debt outstanding at March 31, 2016 and December 31, 2015 was as follows:



	March 31, 2016			December 31, 2015
	(In millions)
Commercial paper	$	661.7		$	47.2
364-Day Revolver	475.0			—
Notes, 6.30%, due July 2017	272.5			272.5
Term Loan, due Nov 2018	790.0			—
Notes, 3.30%, due Dec 2022	500.0			500.0
Debentures, 6.90%, due July 2028	125.0			125.0
Notes, 7.00%, due July 2037	250.0			250.0
Other	3.7			2.1
Total debt	3,077.9			1,196.8
Less short-term debt and current maturities	(1,185.4		)	(49.3		)
Less unamortized discounts and debt issuance costs	(8.7		)	(9.1		)
Total long-term debt, net	$	1,883.8		$	1,138.4

Senior Credit Facilities. We are party to a $900.0 million five-year unsecured revolving credit facility (the "Revolver") and the Term Loan, an $800.0 million term loan facility (the Revolver and the Term Loan collectively, the "Senior Credit Facility"), with a group of financial institutions. The Senior Credit Facility also has an accordion feature that allows us to request an increase in the total commitment to $1.2 billion. Borrowings may be used for general corporate purposes, including working capital, capital expenditures, acquisitions and share repurchase programs. The Revolver and the Term Loan are scheduled to expire in November 2020 and November 2018, respectively. Availability of the Senior Credit Facility for borrowings is reduced by the outstanding face amount of any letters of credit issued under the facility and, pursuant to our existing Board of Directors authorization, by the outstanding principal amount of our commercial paper notes. As of March 31, 2016, there were $0.5 million of letters of credit outstanding. As of March 31, 2016, there were no outstanding borrowings under the Revolver and $237.8 million was available for borrowing.

We are also a party to the 364-Day Revolver, which is an $800.0 million revolving credit facility (the 364-Day Revolver, together with the Revolver and the Term Loan, are referred to as the "Senior Credit Facilities"). We have available borrowings of $325 million as of March 31, 2016.

Commercial Paper Program. Our $900.0 million commercial paper program has been established through the private placement of commercial paper notes from time-to-time. Maturities of commercial paper can range from overnight to 397 days. The commercial paper program is supported by our Revolver and, pursuant to our existing Board of Directors authorization, the total amount of commercial paper which may be issued is reduced by the amount of any outstanding borrowings under our Revolver. At March 31, 2016, $661.7 million in commercial paper notes was outstanding, all with maturities of less than 90 days.

For additional information about our debt agreements, see Note 6 of the Notes to Consolidated Financial Statements in our 2015 Form 10-K.