NORDSON CORP (NDSN): debt financing — Nordson draws €180M term loan, repays €265M of existing debt

NORDSON CORP

Borrowed €180M under delayed draw term loan facility entered Jan 23, 2023.
Proceeds plus cash on hand used to repay two term loans totaling €265M.
Term Loan Agreement with PNC Bank, National Association, dated Jan 18, 2023.
Total facility size is $200M (equivalent); repayment reduces net debt by €85M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORDSON CORP incurred term loan of €180.0 million aggregate principal amount with PNC Bank, National Association, as Administrative Agent and Lender.

Instrument: term loan
Principal: €180.0 million aggregate principal amount
Counterparty: PNC Bank, National Association, as Administrative Agent and Lender
Event: incurrence

Exact text from the filing

On March 24, 2023, the Company borrowed €180.0 million aggregate principal amount available under the Term Loan Facility.

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101 debt financings filed in the last 30 days. Browse all debt financings →

NORDSON CORP filing history →

Source: SEC EDGAR

accession 0000072331-23-000078

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