Long-term Debt and Other Financing Arrangements

3 Months Ended

Mar. 31, 2019

Long-term Debt and Other Financing Arrangements

Note 7. Long-term Debt and Other Financing Arrangements

Unless otherwise stated, interest rates are as of March 31, 2022.

Annual maturities of Nielsen’s long-term debt are as follows:

	March 31, 2022					December 31, 2021
			Weighted					Weighted
(IN MILLIONS)	Carrying		Interest			Carrying		Interest
Senior secured term loans	Amount		Rate			Value		Rate
Maturing in 2023, L+ 1.75%	$	743				$	742
Maturing in 2023, L+ 2.00%		1,351					1,351
Maturing in 2023 $850 revolving credit facility, L+ 1.75%		—					—
Total (with weighted-average interest rate)		2,094		2.30	%		2,093	2.10		%
Senior debenture loans
$500 maturing in 2025, 5.000%		498					498
$1,000 maturing in 2028, 5.625%		987					987
$750 maturing in 2030, 5.875%		740					740
$625 maturing in 2029, 4.500%		616					616
$625 maturing in 2031, 4.750%		616					616
Total (with weighted-average interest rate)		3,457		5.51	%		3,457		5.52	%
Total long-term debt		5,551		4.31	%		5,550		4.24	%
Finance lease and other financing obligations		72					76
Total debt and other financing arrangements		5,623					5,626
Less: Current portion of long-term debt, finance lease and other financing obligations and other short-term borrowings		35					35
Non-current portion of long-term debt and finance lease and other financing obligations	$	5,588				$	5,591

The total fair value of senior secured term loans and debenture loans was approximately $5,574 million and $5,646 million at March 31, 2022 and December 31, 2021, respectively. 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.

Annual maturities of Nielsen’s long-term debt are as follows:

(IN MILLIONS)
For April 1, 2022 to December 31, 2022	$	—
2023		2,094
2024		—
2025		498
2026		—
2027		—
Thereafter		2,959
	$	5,551