Nielsen to pay down term loans with proceeds of new notes, cash

By Rebecca Melvin

Concord, N.H. May 24 – Nielsen Holdings plc plans to pay down all of its dollar-denominated term B-5 loans outstanding using proceeds of a proposed issuance of notes and cash on hand, according to a company release.

The term loan is part of a credit agreement dated June 4, 2020 with Citibank NA as administrative agent.

The company is also prepaying all of its class B-2 euro term loans outstanding under a sixth amended and restated credit agreement, dated July 21, 2020 with Citibank as administrative agent.

It also plans to partially prepay the euro term B-3 loans outstanding, in each case at a prepayment price equal to par plus accrued interest.

The company plans to issue two $500 million senior notes due 2029 and 2031 that will provide most of the funds for the prepayments.

The U.K. domiciled media data and analytics company is headquartered in New York.

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