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Nomad Foods Announces Closing of Refinancing Transaction

Nomad Foods Limited ("Nomad Foods" or the "Company") today announced that it has completed a private offering of €400.0 million aggregate principal amount of 3.250% senior secured notes due 2024 (the "Notes").

The Company also announced that it has closed the refinancing of its existing senior credit facilities which involved prepaying its existing term facilities and establishing a €500.0 million term facility and a USD610.0 million term facility, both with maturity dates extending to May 2024 (the amendment and restatement of the senior credit facilities together with the issuance of the Notes, the "Refinancing"). As part of the Refinancing, the Company extended the maturity of its €80.0 million revolving credit facility until May 2023.

The net proceeds of the Refinancing were used to repay the Company's existing senior indebtedness including the existing €500.0 million floating rate senior secured notes due 2020 issued by Nomad Foods BondCo Plc, the Company's indirect, wholly-owned subsidiary.

The Notes and the Company's obligations in respect of the senior credit facilities (as amended and restated) are guaranteed and secured on a senior basis by certain assets of the Company and certain of its subsidiaries.