Fitch gives NielsenIQ loan BB

Fitch Ratings said it gave the expected incremental euro-denominated loan of NielsenIQ (Intermediate Dutch Holdings) BB/RR2 ratings.

Concurrently, the agency affirmed long-term issuer default ratings of NielsenIQ and its associated subsidiaries Indy US Bidco, LLC and Indy Dutch Bidco BV at B+. Fitch also affirmed the senior first-lien secured rating at BB/RR2 of the existing term loan B tranches, excluding the Canadian dollar tranche which is unrated, and the revolving credit facility, which will be upsized.

NielsenIQ plans to use the proceeds to repay the $29 million revolver balance, with the remaining proceeds being held to fund future M&A.

The outlook remains stable.

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