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Nielsen unit proposed $500M debt offering
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Nielsen Holdings plc's indirect wholly owned subsidiary, The Nielsen Co. (Luxembourg) S.à r.l., plans to offer $500 million of senior notes due 2025 in a private offering.
The company said Jan. 25 that it intends to use the net proceeds for general corporate purposes, which may include capital expenditures, working capital and redemption or repayment of debt, and if applicable, to fund a portion of the purchase price for its previously announced acquisition of Gracenote from Tribune Media Co.