Nomad Foods Announces Launch of Refinancing of Senior Secured Term Loans

Rhea-AI Summary

Nomad Foods (NYSE: NOMD) announced on Oct 20, 2025 the launch of an anticipated refinancing of its existing USD denominated Term Loan B of USD 679 million and two EUR denominated Term Loan B tranches of EUR 130 million and EUR 553 million, plus an associated extension of its Revolving Cash Facility of EUR 175 million.

The company said lender meetings are anticipated later the week of the announcement and cautioned that there can be no assurances the Refinancing will occur or as to its terms. The release is informational and is not an offer to sell securities.

Positive

• Launched refinancing process for USD 679 million Term Loan B
• Launched refinancing process for EUR 130 million and EUR 553 million Term Loan B tranches
• Announced associated extension of Revolving Cash Facility of EUR 175 million

Negative

• Company stated there can be no assurances the Refinancing will occur
• Outcome and terms remain uncertain until lender meetings later the week of Oct 20, 2025

Insights

Capital markets analyst

Nomad Foods has launched a refinancing process for its syndicated term loans and sought a revolver extension; outcome and terms remain uncertain.

Nomad Foods initiated a refinancing of its USD denominated Term Loan B of USD 679 million and EUR denominated Term Loans of EUR 130 million and EUR 553 million, and announced an associated extension of a EUR 175 million Revolving Cash Facility on Oct. 20, 2025. This is a corporate financing action that, if completed, would alter the company’s debt maturities, covenant profiles or interest costs depending on the final terms.

Key dependencies and risks include lender receptivity at the meetings, prevailing credit-market conditions, and any changes to covenant or pricing that the company must accept; the release itself states there are no assurances the Refinancing will occur or on what terms. Watch for concrete outcomes: whether the refinancing closes, final maturity and covenant language, and the interest margin or fees agreed; these items should appear in a subsequent announcement or filing within the coming weeks to months.

WOKING, England, Oct. 20, 2025 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD) today announced the launch of an anticipated refinancing of its existing USD denominated Term Loan B of USD 679 million and EUR denominated Term Loan B of EUR 130 million and EUR 553 million (the "Term Loans") and an associated extension of its Revolving Cash Facility of EUR 175 million with lender meetings anticipated to follow later this week (the "Refinancing").

There can be no assurances that the Refinancing will occur, or if it does, as to the terms of the Refinancing. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Nomad Foods

Nomad Foods (NYSE: NOMD) 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/investors/.

Enquiries
Investor Relations Contact
Jason English
investorrelations@nomadfoods.com

Forward-Looking Statements

This press release contains "forward-looking" statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the Refinancing. These statements are based on management's estimates and assumptions with respect to future events, and are believed to be reasonable, though are inherently difficult to predict. The Company cautions that these forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in these forward-looking statements. Undue reliance should, therefore, not be placed on such forward-looking statements. Any forward-looking statements contained in this announcement apply only as at the date of this announcement and are not intended to give any assurance as to future results. The Company will update this announcement as required by applicable law, rule or regulation, but otherwise expressly disclaims any obligation or undertaking to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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SOURCE Nomad Foods Limited

FAQ

What did Nomad Foods (NOMD) announce on October 20, 2025 about refinancing?

Nomad Foods announced the launch of an anticipated refinancing of Term Loan B facilities totaling USD 679 million and EUR 683 million (EUR 130m + EUR 553m) and an associated extension of a EUR 175 million revolving facility.

Will the Nomad Foods (NOMD) refinancing definitely happen after the Oct 20, 2025 announcement?

No — the company explicitly said there can be no assurances the Refinancing will occur or as to its terms.

When are lender meetings for the Nomad Foods (NOMD) refinancing scheduled?

The company said lender meetings are anticipated to follow later the week of Oct 20, 2025.

How large is the Revolving Cash Facility Nomad Foods (NOMD) plans to extend?

The planned associated extension covers a Revolving Cash Facility of EUR 175 million.

Does the Oct 20, 2025 Nomad Foods (NOMD) release offer securities for sale?

No — the release states it is informational only and does not constitute an offer to sell or a solicitation to buy securities.