Commentary & Deal Flow

Price Progression:
Price Talk: 5.25%-5.50%

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
• Books close: 3pm UKT 22-Jul
• Pricing: 22-Jul UK afternoon