What was priced
Neptune BidCo US, a Nielsen affiliate, announced on November 10 that it had priced $1.4 billion in senior secured notes due in 2033 with a 10.500% coupon. The expected closing date is November 30, 2026, subject to customary conditions.
The stated coupon is a debt term, not a promise of an investor’s total return. The release does not say that the notes have already closed.
How the proceeds are intended to be used
The issuer plans to combine the proceeds with term-loan borrowings, an equity contribution from Nielsen’s investors and cash on hand to fund the DoubleVerify acquisition and related fees.
This is an announced financing step. It does not establish that the acquisition has completed or that all remaining conditions have been satisfied.
A private placement with eligibility restrictions
The notes are offered to eligible institutional buyers under Rule 144A and to non-US persons in qualifying offshore transactions under Regulation S. The announcement does not describe an unrestricted retail offering.
The public release is informational; any offer is made through a private offering memorandum.
