- Nomad Foods' (NOMD) subsidiary, Nomad Foods Bondco Plc, priced an offering of €800M in 5.25% senior secured notes due 2033.
- The proceeds will be used to fully refinance the existing €800M senior secured notes due 2028.
- The refinancing is expected to extend the company's next major long-term debt maturity to 2032.
- The company also expects to increase its revolving credit facility by €105M, raising total commitments to €280M, subject to the refinancing closing.
- The new notes will be guaranteed and secured by Nomad Foods and certain subsidiaries.
- The refinancing and credit facility increase are expected to close on July 30, 2026.
More on Nomad Foods
- Nomad Foods: Bitter Aftertaste Remains - Sell Confirmed
- Nomad Foods: Management Is Buying, The Company Is Buying, And The Stock Is Cheap
- Nomad Foods Limited (NOMD) Presents at 23rd annual dbAccess Global Consumer Conference Transcript
- Nomad Foods reports preliminary Q2 results ahead of prior guidance; reaffirms FY26 outlook
- These 10 small-cap U.S. consumer staples companies rank among the market's most attractively valued stocks