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by Pankti Antani

Jul 21, 2026 9:39 AM ET

IPT: Nomad Foods EUR800m 7NC3 Sr Sec Notes Mid 5s

HYC European Market: Deal Flow - General

Ticker	Security	Term	SIZE	IPT
IGBOND	Senior Secured Notes due 2032	7NC3	EUR800m	Mid 5s

Price Progression:
IPT: Mid 5s
Issuer: Nomad Foods Bondco Plc (NOMD, IGBOND)
Size: EUR800m
Format: 144A/Reg S; No Reg Rights
Security: Senior Secured Notes due 2032
Issue Ratings: B1/BB-/BB+ (M/S/F) (stable/negative/stable)
Maturity: July-2032 (7y)
Optional Redemption: NC3 (MWC B+50bp), 50%, 25%, par.
Equity claw: 3y 40% at par plus coupon
Change of Control: CoC at 101
Denominations: 100kx1k
Listing: TISE
Law: New York
Joint Global Coordinators and Bookrunners: JEF (Left, B&D), Citi, DB
Joint Bookrunners: BNPP, CACIB, GS, MUFG, NatWest, Rabo
UOP: Along with EUR12.2m cash on hand, to refinance in full the existing €800m 2.5% Senior Secured Notes due 06/24/28 ( callable at 100)
Biz: Largest brandedde savory frozen food company in Europe, with a diversified geographic presence and product portfolio. HQ: Woking, UK.
Marketing:
Investor Call: Yesterday (20-July-2026) at 14:00 UKT / 15:00 CET
Fixed income investor meetings (small group): 20-July – 21-July-2026
Netroadshow direct link: https://www.netroadshow.com/nrs/home/#!/?show=55fab390. Entry code: nomd26
GIC Replay Link: https://www.netroadshow.com/events/login/1PeTHmojEoDMFBqjlDekywp9xmhU9fANtRBYG