Transactions by EXPERIAN PLC (J2B) in the last 6 months

TLO, LLC filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Florida on May 9, 2013. The debtor listed its assets of $46.61 million and liabilities of $109.93 million. The largest unsecured creditors include Equifax Inc., Dell Financial Services, L.L.C., Experian plc, Corelogic Information Solutions, Inc., BRE/BOCA Corporate Center, LLC, Dun & Bradstreet Corp., Teletrack, LLC, Infutor Data Solutions, ... Inc., LSSi Data Corp., and SMA Communications, LLC. The debtor is represented by Robert C Furr, and Alvin S. Goldstein of Furr and Cohen, P.A. as its legal counsels. James F. Carroll of Conrad & Scherer, LLP is appointed as special counsel to the debtor. The US Bankruptcy Court gave an order to TLO, LLC to obtain DIP financing on an interim basis on May 17, 2013. As per the order, the debtor has been authorized to obtain line of credit facility in the amount of $1 million from Ms. Asher and Ms. Yoost. The DIP loan would carry an interest rate of 9% p.a. The DIP financing shall be used to fund business operations and working capital requirements. The final hearing on DIP financing is scheduled for June 11, 2013.
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The Board of Directors of Experian plc (LSE:EXPN) authorized a share repurchase program on May 9, 2013. Under the program, the company will repurchase up to $500 million worth of shares. It is intended that any shares purchased by the Company under the program will be transferred into treasury. The plan will run for 12 months.

Cerved Group SpA signed an agreement to acquire Experian Data Services Srl from Experian plc (LSE:EXPN) on March 27, 2013. For the year ended March 31, 2012 Experian Data Services Srl had revenue of $17 million. About 60 people will transfer from Experian to Cerved. Rollo Head, Don Hunter of RLM Finsbury acted as public relation advisor, NCTM acted as legal advisor for Experian plc. Gattai Minoli & Partners acted as legal advisor for Cerved Group SpA.

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