Global law firm Greenberg Traurig advised Nomad Foods, a European frozen food company, on a comprehensive financing transaction, including a €280 million revolving credit facility (RCF) and an €800 million high-yield bond offering.
Nomad Foods has increased commitments under its RCF by €105 million, bringing the total facility size to €280 million. The transaction also included an €800 million senior secured notes offering due 2033, the proceeds of which were used to refinance the company’s existing senior secured notes due 2028.
“The RCF upsize and the high-yield notes refinancing are designed to strengthen Nomad Foods’ capital structure,” Luke Lado, banking and financial services shareholder at Greenberg Traurig, said. “In particular, the new financing will extend the debt maturity profile of Nomad Foods and provide continued financial flexibility to support the company’s long-term strategic objectives.”
The Greenberg Traurig team representing Nomads Food was led by Lado and capital markets shareholder Fritz Ernemann, and included capital markets shareholder Dorothee Fischer-Appelt and associate Kristen Vredeveld, and banking and financial services senior associate Nickie Pickernell and associate Eusebio Lopez.
