Kantar readies launch of $500 million term loan B for Tuesday

By Sara Rosenberg

New York, June 14 – Kantar is scheduled to hold a lender call at 10:30 a.m. ET on Tuesday to launch a $500 million first-lien term loan B (B2/B-), according to a market source.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., BofA Securities Inc., Barclays, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Jefferies LLC are the bookrunners on the deal.

Proceeds will be used to help fund the acquisition of Numerator.

Other funds for the transaction will come from $400 million of other senior secured debt, a $350 million shareholder equity contribution and $150 million of cash on the balance sheet.

Closing is expected by the third quarter, subject to the relevant legal and regulatory processes.

Pro forma for the transaction, senior secured net debt is expected to be 3.9x and secured net debt is expected to be 4.5x.

Kantar is a London-based data analytics and brand consulting group. Numerator is a Chicago-based, tech-driven consumer and market intelligence company.

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