Question-and-Answer Session
Operator
Thank you, Mr. Smith. (Operator Instructions). We will take our first question form the line of Michael Meltz with J.P. Morgan
Michael Meltz – J.P. Morgan
Thank you. I think I have three questions, on IXI, can you talk a little bit more about financial details on that business? I might have missed that section on the call and what can you tell us in terms of revenue? Its looks to me like it's probably a little bit cash accretive going forward?
Richard F. Smith
It is Michael. Its – let me just give you a high level and then I will get to the specifics of your question. It's a great business. If every one should know this that this a company that we have been working with Tom Daily who runs it and our team here have been working together now for about 18-months maybe a little longer. Get and understand each other's data assets, customer needs, so and so for synergy we can generate. It's a great exchange; it's a unique data asset. We are good at both of those, managing unique assets in an exchange environment. It gives us very, very unique inside into customers now. The ability to pay, capacity to pay, using credit data, income data, employment data and now wealth data. Having said all that Michael we don’t break out necessarily smaller businesses like this. I can tell you this that the multiple we pay when you look at the 2010 revenue is somewhere in the upper threes. So very reasonable prices are strong, double-digit growth business and your last comment there is accurate. It will be accretive for us modestly in 2010.
Michael Meltz – J.P. Morgan
Okay. And based on the last comment, I know in the 8-K you said it's going to be funded through the revolver. Lee, remind us what's your current cost on the facility?
Lee Adrean
Under 1%, we’re actually we use this facility as a backup to our commercial paper program. All of our short term borrowing is – it's currently in commercial paper which we’re issuing at comfortably under 1%.
Michael Meltz – J.P. Morgan
Okay, all right. And then two other questions for you, on CIF I understand the sequential slowdown you always have it in the fourth quarter. What's the expectation on margin there? Do you think you can still keep margin over – kind of roughly stable going forward?
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