Nomad Foods on April 22 declared the launch of an anticipated repricing of its existing US dollar-denominated Term Loan B of $700 million, with lender meetings anticipated to follow later this week. Repricing is intended to reduce the interest rate charged on the term loan.
“There can be no assurance that the repricing will occur, or, if it does, as to the terms of the repricing,” stated a press release issued by the frozen food company. It added that the announcement was made “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.”
Headquartered in Feltham, England, Nomad Foods is regarded as Europe’s leading marketer of branded frozen food products. ranging from vegetables and fish to pizza, ready meals and more. Its portfolio includes household names such as Birds Eye, Goodfellas, Findus, iglo, Ledo and Frikom.
