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Nomad Foods reprices $693 million term loan B at SOFR plus 250 bps
Chicago, April 26 – Nomad Foods US LLC repriced the approximately $693 million term loan B5 (B1/BB-/BB+) at SOFR plus 250 basis points on Friday, according to a market source.
The pricing is in line with talk, including a 0.5% floor and a par issue price.
The loan continues to mature in November 2029.
Soft call protection at 101 is included for six months.
Jefferies is the left arranger. Citigroup, Credit Agricole and Rabo are the joint arrangers.
Proceeds are being used to reprice the company’s term loan B4. The term loan B4 was priced at SOFR plus 300 bps, according to the Prospect News archive.
The borrower is a Feltham, U.K.-based frozen foods company.
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