Kantar launches upsized $425 million five-year secured notes at 5½%; pricing Friday

By Paul A. Harris

Portland, Ore., June 25 – Kantar Summer Bidco B LLC upsized its offering of five-year senior secured notes (B2/B-) to $425 million from $400 million and launched the deal at 5½%, according to market sources.

The notes, which launched tight to the 5½% to 5¾% talk and well inside of initial guidance in the low 6% area, are set to price on Friday.

Morgan Stanley is the left bookrunner. Goldman Sachs, BofA Securities, Barclays, Credit Suisse, Deutsche Bank and Jefferies are joint bookrunners.

The Rule 144A and Regulation S for life notes come with two years of call protection.

Proceeds, together with proceeds from a concurrent term loan, a shareholder contribution and cash on hand, will be used to consummate the acquisition of Numerator. The additional proceeds resulting from the $25 million upsizing of the deal will be used for general corporate purposes.

Kantar is a London-based data analytics and brand consulting company.

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