Kantar launches $650 million term loan B at SOFR plus 475-500 bps

By Sara Rosenberg

New York, Feb. 5 – Kantar held a lender call at 2 p.m. ET on Monday to launch a $650 million term loan B due February 2029 that is talked at SOFR+CSA plus 475 basis points to 500 bps with a 0% floor and an original issue discount of 99, according to a market source.

CSA is 11 bps one-month rate, 26 bps three-month rate and 43 bps six-month rate.

The term loan has 101 soft call protection for one year, the source said.

Goldman Sachs Bank USA, Morgan Stanley Senior Funding Inc., BofA Securities Inc., Barclays, HSBC Securities (USA) Inc., Mizuho, NatWest, Nomura, RBC Capital Markets, UBS Investment Bank and Jefferies LLC are the arrangers on the deal.

Commitments are due at 5 p.m. ET on Feb. 12, the source added.

Proceeds will be used for a partial amendment and extension of the company’s existing $500 million and $345 million term loans due December 2026.

Bain Capital is the sponsor.

Kantar is a London-based provider of global data, research, consulting, analytics products and services.

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