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Nomad Foods Limited (“Nomad Foods” or the “Company”) today announces that it has priced both a USD 700 million Term Loan bearing interest at a rate per annum equal to the SOFR rate plus 3.75% due 2029 and a EUR 130 million Term Loan bearing interest at a rate per annum equal to EURIBOR plus 3.5% due 2029 (collectively the “Term Loans”).
The Company intends to use the net proceeds from the Term Loans to repay its existing USD 960 million principal Term Loan due in 2024 and for transaction expenses and general corporate purposes.
The Term Loans will be guaranteed and secured on a senior basis by the Company and certain of its subsidiaries.
The Term Loans are expected to close on November 10, 2022, subject to customary closing conditions. However, no assurance can be given that the Term Loan will be completed, or, if completed, as to the terms on which it will be completed.
Nomad Foods is Europe’s leading frozen food company. The Company’s portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers’ meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at www.nomadfoods.com.
Enquiries
Investor Relations Contact
Anthony Bucalo
Nomad Foods Limited
+1-914-907-8724
