NielsenIQ trims U.S. term loan to $834 million, upsizes euro add-on

By Sara Rosenberg

New York, Nov. 19 – NielsenIQ downsized its U.S. term loan B due March 2028 to $834 million from $945 million and upsized its add-on euro term loan B to €250 million from €150 million, according to a market source.

Also, the issue price on the U.S. term loan, add-on euro term loan and repriced €543 million term loan B due March 2028 firmed at par, the tight end of the 99.875 to par talk, the source said.

Pricing on the U.S. and euro term loan debt remained at Libor/Euribor plus 375 basis points with a 0% floor.

The term loans (B1/B/BB) are getting 101 soft call protection for six months.

BofA Securities Inc., UBS Investment Bank and BMO Capital Markets are the leads on the deal, with BofA the left lead on the U.S. loan and UBS the left lead on the euro loan.

Proceeds from the term loans will be used to repay revolving credit facility borrowings and add cash to the balance sheet, and reprice the existing U.S. and euro term loans down from Libor/Euribor plus 400 bps with a 0% floor.

NielsenIQ is a Chicago-based provider of actionable information to consumer packaged goods manufacturers and retailers.

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