Nielsen gets lender OK on loan amendment, allowing for new A tranche

By Sara Rosenberg

New York, Jan. 19 - Nielsen Co. received lender approval for its credit facility amendment that permits the entrance into a new term loan A, according to a market source.

Lenders were offered a 5 basis point amendment fee.

Citigroup Global Markets Inc. led the amendment.

As was previously reported, the company is in market with a new $1.25 billion five-year term loan A that is talked at Libor plus 225 bps.

J.P. Morgan Securities LLC, Citigroup, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Wells Fargo Securities LLC are the lead banks on the new loan.

Proceeds will be used to refinance a portion of the company's non-extended term loan A due in 2013. As of Sept. 30, the U.S. non-extended loan had a carrying amount of $1.395 billion and the euro non-extended loan had a carrying amount of $247 million.

Commitments toward the new loan are due on Friday.

Nielsen is a New York-based information and media company.

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