Exhibit 99.3
Equifax
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1550 PEACHTREE STREET, N.W. ATLANTA, GEORGIA 30309
NEWS RELEASE
FOR IMMEDIATE RELEASE
CONTACT:
Jeff Dodge David Rubinger
Investor Relations Media Relations
(404) 885-8804 (404) 885-8555
jeff.dodge@equifax.com david.rubinger@equifax.com
EQUIFAX ANNOUNCES NEW FIVE-YEAR, $500 MILLION
REVOLVING CREDIT AGREEMENT
ATLANTA, August 20, 2004 -- Equifax Inc. (NYSE: EFX) today announced that it has
entered into a new five-year, $500 million senior unsecured revolving credit
agreement. The credit facility will be used for general corporate purposes of
Equifax and its subsidiaries, including working capital, acquisitions and letter
of credit needs. The new facility replaces a $465 million facility that was
comprised of a $160 million, 364-day portion maturing on September 30, 2004 and
a $305 million facility maturing on October 4, 2004. The new facility provides
for borrowings tied to base rate, LIBOR and competitive bid interest rate
options and contains certain financial covenants similar to those contained in
the previous facility.
"We appreciate the strong support from our relationship banks in recognizing
Equifax's financial strength and ability to execute our strategic plans," said
Donald T. Heroman, corporate vice president and chief financial officer. "The
new credit facility provides us with ample liquidity and financial flexibility
for the foreseeable future. We were able to take advantage of favorable market
conditions and completed a transaction that provides Equifax with very favorable
funding terms over a five-year period."
SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc. is a
Joint Lead Arranger and SunTrust Bank is the Administrative Agent. Banc of
America Securities LLC is a Joint Lead Arranger and Bank of America, N.A. is the
Syndication Agent. Wachovia Bank, N.A. is the Documentation Agent.
About Equifax
Equifax Inc. is a global leader in turning information into intelligence. For
businesses, Equifax provides faster and easier ways to find, approve and market
to the appropriate customers. For consumers, Equifax offers easier,
instantaneous ways to buy products or services and better insight into and
management of their personal credit. Equifax. Information that Empowers.
Safe Harbor
Statements in this press release that relate to Equifax's future plans,
objectives, expectations, performance, events and the like may constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21 of the Securities Exchange Act of 1934, as amended.
Future events, risks and uncertainties, individually or in the aggregate, could
cause our actual results to differ materially from those expressed or implied in
these forward-looking statements. Those factors include, but are not limited to,
changes in worldwide and U.S. economic conditions that materially impact
consumer spending and consumer debt, changes in demand for Equifax's products
and services, risks associated with the integration of acquisitions and other
investments, changes in
laws governing our business, including particularly the cost of compliance with
the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) and related
regulations, the ability of Equifax to achieve its productivity improvement and
cost reduction targets, pricing and other competitive pressures, and certain
other factors discussed under the caption "Risk Factors" in the Management`s
Discussion and Analysis section of Equifax's annual report on Form 10-K for the
year ended December 31, 2003, and in our other filings with the U.S. Securities
and Exchange Commission. Equifax assumes no obligation to update any
forward-looking statements to reflect events that occur or circumstances that
exist after the date on which they were made.