Nielsen to price $1 billion notes split between eight-year and 10-year tranches on Thursday

By Paul A. Harris

Portland, Ore., Sept. 9 – Nielsen Holdings plc plans to price $1 billion of senior notes (existing ratings B2/BB-) in two evenly split tranches on Thursday, according to a market source.

The Rule 144A and Regulation S deal features $500 million of eight-year notes with three years of call protection. The tranche has initial price talk in the high 5% area to 6%.

The offering also includes $500 million of 10-year notes with five years of call protection. The notes have initial talk that has them coming 25 basis points behind the eight-year notes.

J.P. Morgan Securities LLC is the lead.

The issuing entities will be Nielsen Finance LLC and Nielsen Finance Co., both indirect, wholly owned subsidiaries of Neilsen Holdings.

The New York-based media and marketing analytics services provider plans to use the proceeds to fund partial redemptions of the Nielsen Co. (Luxembourg) Sarl 5½% senior notes due 2021 and 5% senior notes due 2022.

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