NielsenIQ to launch $945 million term loan repricing on Wednesday

By Sara Rosenberg

New York, Nov. 9 – NielsenIQ will hold a lender call at 10:30 a.m. ET on Wednesday to launch a repricing of its existing $945 million term loan B due March 2028, according to a market source.

The company will also launch a €100 million to €150 million add-on term loan B and a repricing of its existing €628 million term loan B due March 2028, the source said.

The term loans are getting 101 soft call protection for six months.

BofA Securities Inc. and UBS Investment Bank 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 add-on term loan will be used to repay revolving credit facility borrowings and add cash to the balance sheet.

Current pricing on the U.S. and euro term loan is Libor/Euribor plus 400 basis points with a 0% floor.

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

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