Neptune to repay $1.96 billion bridge facility with note proceeds

By William Gullotti

Buffalo, N.Y., Nov. 2 – Neptune BidCo US Inc., an affiliate of Nielsen Holdings Ltd., plans refinance its $1,956,000,000 bridge credit agreement with Bank of America, NA as administrative agent using proceeds of an planned offering of $1.96 billion of senior secured notes due 2029, according to a press release on Wednesday.

According to the press release, cash on hand will also be used to refinance the facility.

As reported on Oct. 11, the bridge facility was part of a three-part financing arrangement connected to Neptune’s purchase of Nielsen Holdings plc.

Nielsen is a New York-based provider of audience measurement, data and analytics. Neptune’s primary line of business includes holding or owning securities of companies other than banks.

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