News and Analysis
Nielsen tender holdout misses deadline, gets black eye
- Bill Weisbrod
- +David Bell
•2 min read
Oops! At least one holder of Nielsen’s pre-buyout 4.75% unsecured bonds due 2031 not only missed the window to tender those holdings at a premium to par — to make matters worse, they then sold out of the stub notes they were left with at around 50 cents on the dollar.
As reporters we’re no strangers to missing deadlines, but we’ve never missed one as expensive as this.