Item 1.01. Entry into a Material Definitive Agreement.

On April 10, 2020, Equifax Inc. (the "Company") and certain of its subsidiaries entered into the First Amendment to Credit Agreement (the "Amendment"), which amends the Company's existing Credit Agreement, dated September 27, 2018, with the lenders party thereto and Truist Bank, successor by merger to SunTrust Bank, as administrative agent (the "Credit Agreement"), in relation to a revolving credit facility in the aggregate available principal amount of $1.1 billion.

The Amendment increases the maximum leverage ratio, defined as consolidated funded debt divided by consolidated EBITDA for the preceding four quarters, to (i) 4.5 to 1.0 for fiscal quarters ending on June 30, 2020 through and including September 30, 2021 and (ii) 4.0 to 1.0 for the fiscal quarter ending on December 31, 2021. The maximum leverage ratio will return to 3.5 to 1.0 beginning with the fiscal quarter ending March 31, 2022 and thereafter. Beginning January 1, 2021, the Company may also elect to increase the maximum leverage ratio by 0.5 to 1.0 (not to exceed 4.5 to 1.0) in connection with certain material acquisitions if the Company satisfies certain requirements.

The Amendment also (i) permits cash in excess of $200 million to be netted against debt in the calculation of the leverage ratio through September 30, 2021, subject to certain restrictions and (ii) extends the add-back of certain expenses related to the 2017 cybersecurity incident to the definition of Consolidated EBITDA through December 31, 2021.

Except as amended by the Amendment, the remaining terms of the Credit Agreement remain in full force and effect. The foregoing description of the Amendment is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference.

Item 2.02. Results of Operations and Financial Condition.

The information contained in Item 7.01 below is incorporated by reference into this Item 2.02.

Item 7.01. Regulation FD Disclosure

At March 31, 2020, the Company had approximately $370 million in cash and $1.2 billion available under its revolving credit facility and receivables funding facility. The Amendment described above is intended to provide the Company with additional financial flexibility.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits


 Exhibit
   No.           Description

   10.1            First Amendment to Credit Agreement, dated as of April 10, 2020,
                 by and between Equifax Inc., Equifax Limited, Equifax Canada Co.,
                 Equifax Australia Holdings Pty Limited, and Truist Bank, as
                 administrative agent.

   104           Cover Page Interactive Data File (embedded within the Inline XBRL
                 document).

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