	March 31, 2021							December 31, 2020
	Weighted							Weighted
	Interest			Carrying		Fair		Interest			Carrying		Fair
(IN MILLIONS)	Rate			Amount		Value		Rate			Amount		Value
$1,125 million Senior secured term loan (LIBOR based variable rate of 1.85%) due 2023				$	741	$	741				$	754	$	752
$2,303 million Senior secured term loan (LIBOR based variable rate of 2.10%) due 2023					1,599		1,599					1,603		1,602
€545 million Senior secured term loan (Euro LIBOR based variable rate of 2.50%) due 2023					239		238					251		250
€660 million Senior secured term loan (Euro LIBOR based variable rate of 3.75%) due 2025					611		623				639		654
$550 million Senior secured term loan (LIBOR based variable rate of 4.75%) due 2025					421		431				419		434
$850 million Senior secured revolving credit facility (Euro LIBOR or LIBOR based variable rate) due 2023					—		—				—		—
Total senior secured credit facilities (with weighted-average interest rate)		2.95	%		3,611		3,632		3.01	%		3,666		3,692
$425 million 5.500% senior debenture loan due 2021					—		—					150		151
$825 million 5.000% senior debenture loan due 2022					824		826					824		828
$500 million 5.000% senior debenture loan due 2025					498		511					498		514
$1,000 million 5.625% senior debenture loan due 2028					986		1,049					985		1,088
$750 million 5.875% senior debenture loan due 2030					739		811					739		846
Total debenture loans (with weighted-average interest rate)		5.68	%		3,047		3,197		5.69	%		3,196		3,427
Other loans					—		—					—		—
Total long-term debt		4.20	%		6,658		6,829		4.26	%		6,862		7,119
Finance lease and other financing obligations					94							98
Total debt and other financing arrangements					6,752							6,960
Less: Current portion of long-term debt, finance lease and other financing obligations and other short-term borrowings					866							276
Non-current portion of long-term debt and finance lease and other financing obligations				$	5,886						$	6,684

The fair value of the Company’s long-term debt instruments was based on the yield on public debt where available or current borrowing rates available for financings with similar terms and maturities and such fair value measurements are considered Level 1 or Level 2 in nature, respectively.

On October 31, 2020, Nielsen entered into the Stock Purchase Agreement to sell its Global Connect business to affiliates of Purchaser, for $2.7 billion in cash, subject to adjustments based on closing levels of cash, indebtedness, debt-like items and working capital, and the Connect Warrant. The Connect Transaction was approved by the requisite vote of Nielsen’s shareholders. The Connect Transaction closed on March 5, 2021. The Company received net proceeds of $2.4 billion on March 5, 2021, subject to final closing adjustments. Proceeds from the sale were primarily utilized for debt repayment.

On March 16, 2021, Nielsen completed the partial prepayment of $1.0 billion of the senior secured term loans due 2023 and $0.3 billion of the Senior secured term loans due 2025. The partial prepayment resulted in aggregate principal amounts of 2023 and 2025 senior secured term loans remaining outstanding of approximately $2.6 billion and $1 billion, respectively. Nielsen redeemed $150 million outstanding aggregate principal amount of its 5.500% senior notes due 2021 effective March 21, 2021 and redeemed $825 million of outstanding aggregate principal amount of the 5.000% senior notes due 2022 effective April 10 2021, in each case at a redemption price equal to 100% of the principal amount of such notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the applicable redemption date.

Nielsen wrote-off certain previously deferred financing fees of $7.5 million associated with the redemptions during the period ended March 31, 2021, which was included within net income/(loss) from discontinued operations, net of tax.

The redemption of the 2022 Notes will result in a pre-tax charge of $1 million in the second quarter of 2021.