Nomad Foods Limited announced that it has repriced its existing USD denominated Term Loan B of USD 693 million principal (the "Term Loan"). The closing of the repricing of the Term Loan is expected to occur on or before May 7, 2024, subject to customary closing conditions. Following the closing, the margin on the Term Loan will be reduced by 50 basis points to SOFR + 250 basis points, which is expected to result in approximately USD 3.5 million of annual cash savings.

There are no changes to the maturity of the Term Loan as a result of this repricing.