-
Nielsen To Issue $650 Million In New Notes
February 23, 2015 at 9:07 AM (PT)
What do you think? Add your comment below. -
NIELSEN divisions NIELSEN FINANCE LLC and NIELSEN FINANCE CO., are proposing to issue $650 million aggregate principal amount of 5.00% senior notes due 2022 in a private offering.
The Notes will trade interchangeably with the $750 million aggregate principal amount of 5.00% Senior Notes due 2022 and the $800 million aggregate principal amount of 5.00% Senior Notes due 2022, issued by NIELSEN FINANCE LLC and NIELSEN FINANCE CO. on APRIL 11, 2014 and JULY 8, 2014, respectively.
NIELSEN intends to apply the net proceeds of this offering to make repurchases of its outstanding common stock from time to time, in the open market or otherwise, pursuant to its existing share repurchase programs, to reduce outstanding amounts under its revolving credit facility, to pay related fees and expenses, and for general corporate purposes.

