Nomad Foods, Watlow Electric, Angus Chemical term loans free to trade; OpenText on deck

By Sara Rosenberg

New York, Nov. 4 – Nomad Foods lowered the spread on its U.S. term loan B and finalized the original issue discount at the tight end of guidance on Friday morning, downsized the U.S. loan and added a euro term loan B in the early afternoon, and then broke for trading late in the day.

Also, Watlow Electric Manufacturing Co. firmed pricing on its incremental term loan at the high end of talk and the issue price at the tight end of guidance, and Angus Chemical Co. set the original issue discount on its incremental term loan at the tight side of talk and sweetened the call protection, and then both of these deals freed to trade as well.

In more happenings, OpenText Corp. joined the near-term calendar with a term loan B for its acquisition of Micro Focus International.

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