NIQ Global Intelligence plc announced the successful refinancing of its Dollar Term Loan facility and Euro Term Loan facility, along with the repricing of its revolving credit facility. The transaction closed on August 12, 2025, extending the maturities of the Term Loan Facilities by approximately 2.5 years to October 2030. This move also reduced the interest rate spread on both the Term Loan Facilities and the revolving credit facility.
Mike Burwell, Chief Financial Officer of NIQ, stated that the refinancing, combined with the recent IPO, reduced the company's annualized interest expense run rate by nearly $100 million. He also noted built-in interest spread step-downs in the Credit Agreement that could deliver another roughly $10 million of annual interest savings as the net leverage ratio decreases.
The company's improved credit profile was acknowledged by rating agencies, with Moody’s and Fitch providing a one-notch upgrade to B1 and BB-, respectively. S&P also revised NIQ's outlook to positive from stable. This refinancing significantly optimizes NIQ's capital structure and enhances financial flexibility.
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