NLSN - Nielsen Holdings to raise $1.25B in senior notes offering
Nielsen Holdings (NLSN) prices its debt refinancing plan which now includes an offering of $625M in principal amount of 4.50% senior notes due 2029 and $625M in principal amount of 4.75% senior notes due 2031.The pricing is above the company's initial plan to raise $1B in senior notes.As announced by the company, "net proceeds will be to prepay all of the Dollar Term B-5 Loans outstanding under that certain credit agreement, dated as of June 4, 2020, and to prepay all of the Class B-2 Euro Term Loans outstanding under the Sixth Amended and Restated Credit Agreement, dated as of July 21, 2020 and Euro Term B-3 Loans"The offer is expected to close on May 28, 2021Stock is up 0.5% in after-hours trading.Latest: NielsenOne targets to be the sole standard ratings metric by 2024, raises investments
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Nielsen Holdings to raise $1.25B in senior notes offering