Nielsen Holdings plc's indirect wholly owned subsidiary, The Nielsen Co. (Luxembourg) S.à r.l., priced $500 million of 5.000% senior notes due 2025 in a private offering.

The notes are expected to be issued on Jan. 31, and will mature on Feb. 1, 2025, unless earlier redeemed or repurchased, the company said Jan. 25.

Nielsen intends to apply 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.