—
00:00
Money for You
Money for You
USD/RUB—
EUR/RUB—
Market Quotes

Nielsen Affiliate Prices $1.4 Billion in Notes for DoubleVerify Deal

A Nielsen Holdings affiliate has priced $1.4 billion in senior secured notes carrying a 10.5% interest rate and maturing in 2033, with proceeds set to help finance its acquisition of DoubleVerify Holdings.

Nielsen Affiliate Prices $1.4 Billion in Notes for DoubleVerify Deal

Neptune BidCo US said late Monday that the offering is expected to close Nov. 30. The proceeds will be combined with term-loan borrowings, an equity contribution from Nielsen’s investors and cash on hand to fund the acquisition and pay related fees and expenses.

Neptune BidCo and its parent, Neptune Intermediate, are controlled by a consortium of private-investment funds led by Elliott Investment Management and Brookfield Business Partners, along with institutional partners. Neptune Intermediate and certain subsidiaries will guarantee the notes, the company said.

Share

Comments (0)

Leave a comment

No comments yet. Be the first!