Solera Holdings, Inc. SLH announced today that its indirect wholly-owned subsidiary Audatex North America, Inc., plans to issue $350 million aggregate principal amount of senior notes due 2018 in a private offering. The Notes will be guaranteed by Solera and all of Solera's domestic subsidiaries.
Audatex intends to use the proceeds from the offering, together with cash on hand, tofinance the acquisition of Explore Information Services, LLC by Claims Services Group, Inc., a wholly-owned subsidiary of Audatex and pay related fees and expenses.
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