Nielsen announces $1 billion debt refinancing

Audience measurement company Nielsen Holdings plc said Monday it is planning to offer $500 million of eight-year bonds and $500 million of 10-year bonds in a private offering. Proceeds will be used along with cash on hand to pay down existing loans. Shares were not active premarket, but have gained 30% in the year to date, while the S&P 500 has gained 10.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.