Nielsen Holdings updates euro term loan size to €300 million term loan

By Sara Rosenberg

New York, Nov. 23 – Nielsen Holdings plc (Neptune Bidco US Inc.) upsized its euro term loan B due April 2029 to €300 million from a minimum size of €250 million, according to a market source.

Pricing on the euro term loan B was unchanged at Euribor plus 500 basis points with a 0% floor and an original issue discount of 89.

As previously reported, the company is also getting a $2.1 billion term loan B due April 2029 priced at SOFR+10 bps CSA plus 500 bps with a 0.5% floor and issued at a discount of 89.

Both term loans have 101 soft call protection for one year.

The U.S. term loan B allocated on Tuesday.

When launched, the term loan B was described as $1.75 billion equivalent U.S. and euro term loan B debt with sizes to be determined. However, the debt was recently revised to $1.5 billion U.S. and minimum €250 million euro, prior to the upsizing of both tranches – the U.S. piece on Tuesday and the euro piece on Wednesday.

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