Nielsen to Pay Off $750m of Debt

Two of Nielsen's subsidiaries are planning to sell $750m of senior notes which are due in 2018, in order to pay off a proportion of the research giant's debt.

In June, Nielsen filed with the US Securities and Exchange Commission to raise up to $1.75bn through an initial public offering (IPO). Two months later, the firm upped the amount it wants to raise by selling stock to $2.01bn.

Nielsen's total debt as of June 30 2010 was $8.44bn. The company is planning to use the proceeds from the IPO to pay off the consortium of private equity investors that took it private in 2006, raising debt to current levels.

The new bonds being sold by company subsidiaries Nielsen Finance LLC and Nielsen Finance Co are being offered through a private placement. Proceeds will be used to pay down some of the $869m of 10% senior notes which are due to mature in 2014.

Web site: www.nielsen.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

• Nielsen Media Research
• All news