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home / news releases / NOMD - Nomad Foods prices ~$830M term loans

NOMD - Nomad Foods prices ~$830M term loans

Nomad Foods Limited
  • Nomad Foods ( NYSE: NOMD ) said Tuesday it priced a $700M term loan and a €130M term loan.
  • The $700M term loan bears interest at a rate per annum equal to the SOFR rate plus 3.75% due 2029 and the €130M term loan bears interest at a rate per annum equal to EURIBOR plus 3.5% due 2029.
  • Net proceeds will be used to repay its existing $960M principal term loan due in 2024 and for general corporate purposes.
  • The term loans are expected to close on Nov. 10.
  • No assurance can be given that the term loans will be completed.

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Nomad Foods prices ~$830M term loans
Stock Information
Company Name: Nomad Foods Limited
Stock Symbol: NOMD
Market: NYSE
Website: nomadfoods.com
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