The Nielsen Co. (Luxembourg) S.à r.l., Nielsen Holdings plc's indirect wholly owned subsidiary, issued $500 million of 5.000% senior notes due Feb. 1, 2025, in a private offering.
The notes are guaranteed by the parent company, VNU International BV, Nielsen Holding and Finance BV, and, subject to certain exceptions, each of their direct and indirect wholly owned subsidiaries other than the issuer, in each case to the extent that such entity is a borrower or provides a guarantee under the company's senior secured credit agreements, the company said in a regulatory filing.
The Nielsen (Luxembourg) may redeem some or all of the notes at any time before Feb. 1, 2020, at a price equal to 100% of the principal amount of such notes redeemed plus accrued and unpaid interest to the redemption date and an "applicable premium." In addition, the issuer may redeem up to 35% of the notes until Feb. 1, 2020, with the proceeds of certain equity offerings and/or certain asset sales at the redemption price.