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Nielsen Finance increases term loan B-4 size to $2.25 billion
By Sara Rosenberg
New York, April 7 – Nielsen Finance LLC upsized its covenant-light term loan B-4 due Oct. 4, 2023 to $2.25 billion from $1,890,500,000, according to a market source.
The term loan B-4 is still priced at Libor plus 200 basis points with a 0% Libor floor and a par issue price and has 101 soft call protection for six months.
Citigroup Global Markets Inc. is the lead arranger and administrative agent on the deal.
Proceeds will be used to reprice an existing term loan B-3 from Libor plus 250 bps with no Libor floor and, due to the upsizing, to repay a portion of a term loan A.
Closing is expected during the week of April 10.
Nielsen Finance is a New York- and Netherlands-based provider of information and insights into what consumers watch and buy.
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