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Nomad Foods talks €50 million tap of 2½% secured notes due 2028 at 100.5-100.75; pricing Tuesday
By Paul A. Harris
Portland, Ore., July 6 – Nomad Foods Ltd. launched a €50 million add-on to the Nomad Foods BondCo plc 2½% senior secured notes due June 24, 2028 (expected ratings B1/BB-/BB+) at 100.75, according to a market source.
The launch price comes at the rich end of the 100.5 to 100.75 price talk.
The Rule 144A and Regulation S deal is set to price on Tuesday.
Physical bookrunner Citigroup will bill and deliver. Deutsche Bank is also a physical bookrunner. BNP Paribas, Credit Agricole, Goldman Sachs, Morgan Stanley and Rabo are joint bookrunners.
The notes become callable on June 24, 2024 at 101.25.
The Feltham, U.K.-based frozen food company plans to use the proceeds for general corporate purposes.
The original €750 million issue priced in June 2021.
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