Equifax Adds Wealth Research Firm IXI For $124M

Law360, New York (October 21, 2009, 4:56 PM EDT) -- Credit reporting agency Equifax Inc. acquired wealth and asset research organization IXI Corp. Wednesday in an all-cash deal valued at $124 million, the two companies announced.

According to an 8-K filing with the U.S. Securities and Exchange Commission Tuesday, Equifax said it plans to finance the transaction by tapping an existing $850 million senior unsecured revolving credit facility it has with “a group of financial institutions.”

No other terms of the deal were included in the SEC filing.

Based in McLean, Va., IXI measures consumers' wealth,...
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