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NLSN > SEC Filings for NLSN > Form 8-K on 11-Apr-2014All Recent SEC Filings

Show all filings for NIELSEN HOLDINGS N.V.

Form 8-K for NIELSEN HOLDINGS N.V.


11-Apr-2014

Entry into a Material Definitive Agreement, Creation of a Direct Financial


Item 1.01 Entry Into a Material Definitive Agreement

On April 11, 2014, Nielsen Finance LLC and Nielsen Finance Co. (the "Issuers"), indirect wholly-owned subsidiaries of Nielsen Holdings N.V., parent company of The Nielsen Company B.V. (the "Company"), issued $750 million aggregate principal amount of their 5.000% Senior Notes due 2022 (the "notes"), which mature on April 15, 2022, pursuant to an indenture, dated April 11, 2014, among the Issuers, the Guarantors (as defined therein) and Law Debenture Trust Company of New York, as trustee (the "Indenture"). The notes are guaranteed by the Company, VNU Intermediate Holding B.V. ("VNU"), Nielsen Holding and Finance B.V. (together with VNU and the Issuers, the "Covenant Parties") and, subject to certain exceptions, each of their direct and indirect wholly-owned subsidiaries other than the Issuers, 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 Issuers will pay interest on the notes at a rate of 5.000% per annum, semi-annually on interest payment dates as provided in the Indenture.

Until April 15, 2017, the Issuers may, at their option, redeem up to 35% of the aggregate principal amount of the notes at a redemption price equal to 105.000% of the aggregate principal amount thereof with the net proceeds of one or more equity offerings so long as at least 65% of the aggregate principal amount of the notes originally issued under the Indenture remains outstanding following any such redemption.

The Indenture contains covenants that limit the Covenant Parties' ability and the ability of the Covenant Parties' restricted subsidiaries to, among other things: create liens on certain assets to secure debt; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into sale-leaseback transactions. These covenants are subject to a number of important limitations and exceptions. The Indenture also provides for events of default, which, if any of them occurs, would permit or require the principal, premium, if any, interest and any other monetary obligations on all the then-outstanding notes to be due and payable immediately.

The foregoing descriptions of the notes and the Indenture do not purport to be complete and are qualified in their entirety by reference to the Indenture, attached hereto as Exhibit 4.1.



Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.



Item 8.01 Other Events

On April 11, 2014, the Issuers provided notice of their election to redeem $280,000,000 in aggregate principal amount of the $1,080,000,000 aggregate principal amount currently outstanding 7.75% Senior Notes due 2018 (the "Redeemed Notes"). The Redeemed Notes will be redeemed on May 11, 2014 (the "Redemption Date") at a redemption price (the "Redemption Price") of 100% of the principal amount thereof plus an applicable "make-whole" premium as of the Redemption Date as specified in the indenture governing the Redeemed Notes plus accrued and unpaid interest on the Redeemed Notes to, but excluding, the Redemption Date. The Issuers will pay the Redemption Price on May 12, 2014, the first business day following the Redemption Date.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.                            Exhibit Description

Exhibit 4.1    Indenture, dated as of April 11, 2014, among Nielsen Finance LLC,
               Nielsen Finance Co., the Guarantors (as defined therein) and Law
               Debenture Trust Company of New York, as Trustee.


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