Nielsen Announces Pricing of $1.4 Billion Offering of Senior Secured Notes by its Affiliate

(FSE:SN6) Neptune BidCo US Inc. announced that it has priced an offering of $1,400,000,000 aggregate principal amount of 10.500% Senior Secured Notes due 2033. The Notes will be guaranteed by Neptune Intermediate, LLC, the parent company, and certain subsidiaries of the Issuer. The offering is expected to close on November 30, 2026, subject to customary closing conditions. Proceeds from the offering, together with borrowings under the Issuer's term loan, an equity contribution by Nielsen's equity investors, and cash on hand, will be used to fund the purchase price for the acquisition of DoubleVerify Holdings, Inc. and to pay related fees and expenses. Neptune BidCo US Inc. and Neptune Intermediate, LLC are controlled by a consortium of private investment funds led by Elliott Investment Management L.P. and Brookfield Business Partners L.P., along with institutional partners. The Notes were offered and will be sold in a private placement only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act, any state securities laws, or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration or an applicable exemption. The press release states that it does not constitute an offer to sell or a solicitation of an offer to buy the Notes. Any offers of the Notes will be made only by means of a private offering memorandum.