Nielsen begins $1bn refinancing
The proposals will see the company issue $500 million aggregate principal amount of senior notes due in 2029 and $500 million aggregate principal amount of senior notes due in 2031 in a private offering.
The money will be used to pay back loans and to increase the amount of cash on hand available to the company.
Citibank has been appointed as administrative agent for the refinancing.
The refinancing comes following a year in which Nielsen has confirmed the sale of NielsenIQ to affiliates of Advent International in partnership with James Peck, former chief executive of TransUnion.
Nielsen reported revenue of $863m in the first quarter of 2021, which was a 2.5% year-on-year increase on a reported basis, 1.3% on a constant currency basis and 2.3% on an organic basis.
We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments