#United States #New York #Senior Secured Notes #Nielsen #Neptune BidCo

Nielsen's $1.5 Billion Senior Secured Notes Offering

In a significant financial move, Nielsen's affiliate, Neptune BidCo US Inc., announced the pricing of an upsized offering amounting to $1.5 billion in Senior Secured Notes, which are set to mature in 2033. These notes, bearing a nominal interest rate of 9.500%, are primarily issued to strengthen the financial positioning of the company.

Details of the Offering

The offering, expected to close on January 28, 2026, is contingent upon customary closing conditions being met. The funds raised through this issuance are intended to support the refinancing and repayment of existing debts, including a secured second lien term facility and a secured first lien term A loan facility that are due by 2028.

The move aligns with the company's strategy to manage and reduce its debt burden effectively. The notes being issued will be guaranteed by Neptune Intermediate, LLC, which acts as the parent company, as well as various subsidiaries of the issuer.

Target Investors

This offering is structured as a private placement restricted to qualified institutional buyers, benefiting from compliance with Rule 144A under the Securities Act of 1933. Additionally, it will be available for non-U.S. investors in compliance with Regulation S. Notably, since these notes are not registered under the Securities Act, they cannot be offered or sold in the United States without registration or applicable exemption.

Backing by a Competent Consortium

Neptune BidCo, alongside its parent entity, is controlled by a consortium comprising Elliott Investment Management L.P. and Brookfield Business Partners L.P., along with other institutional partners. This backing highlights the confidence of established investment firms in Nielsen's overall business model and its capacity for sustaining growth and profitability within a competitive landscape.

Forward-Looking Statements

It's important to acknowledge that this announcement includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements encompass the anticipated outcomes of this offering and must be viewed with caution due to the inherent risks and uncertainties they carry. Potential factors that could affect actual results include unforeseen liabilities, competition, economic conditions, and operational challenges within Nielsen's markets.

Given these complexities, Nielsen specifically states that it has no obligation to publicly update or revise these forward-looking statements unless required by law.

About Nielsen

Nielsen is recognized as a global leader in audience measurement, data analytics, and insights, providing clients with vital understanding of their consumers' behaviors across diverse platforms. This insight empowers companies to effectively engage with audiences and strategize for success in a data-driven market. As Nielsen continues to navigate through financial restructuring via offerings like these, it reaffirms its commitment to drive data-driven decision-making for its clients and stakeholders alike.