Nordson upsizes term loan to $300M and renews $850M revolver in new $1.15B credit facility

NORDSON CORP

New $1.15B unsecured credit agreement: $300M term loan (3-yr) and $850M revolver (5-yr) with $75M swingline.
Term loan fully drawn on closing; revolver permits multi-currency borrowings (USD, EUR, GBP, CHF, SGD, JPY).
Applicable margins: 0.85%-1.20% for Eurodollar/SOFR loans and 0%-0.20% for base rate loans, based on leverage ratio.
Prior $200M term loan and $850M revolver terminated simultaneously.
Proceeds for working capital, acquisitions, general corporate purposes, including refinancing existing debt.

item 1.01 item 1.02 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NORDSON CORP terminated Third Amended and Restated Credit Agreement valued at $850 million (effective 2023-06-06).

Action: termination
Agreement: credit facility
Value: $850 million
Effective: 2023-06-06

Exact text from the filing

Simultaneous with the entry into the Credit Agreement, the Company terminated (i) its existing revolving credit agreement, initially dated April 30, 2019, and subsequently amended by that certain First Amendment to Third Amended and Restated Credit Agreement on April 17, 2023, which provided for a $850 million senior unsecured revolving credit facility

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NORDSON CORP entered into Credit Agreement with Wells Fargo Bank, National Association, as Agent, and various financial institutions as lenders valued at $1,150 million aggregate commitment (effective 2023-06-06).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as Agent, and various financial institutions as lenders
Value: $1,150 million aggregate commitment
Effective: 2023-06-06

Exact text from the filing

On June 6, 2023, Nordson Corporation (the “Company”) and its subsidiary, Nordson Engineering GmbH (“Nordson GmbH” and, together with the Company, the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as Agent (the “Agent”), Wells Fargo Securities, LLC, BofA Securities, Inc., JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, and U.S. Bank National Association, as Joint Lead Arrangers and Joint Bookrunners, and various financial institutions named therein as lenders.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NORDSON CORP terminated a credit facility valued at $200 million (effective 2023-06-06).

Action: termination
Agreement: credit facility
Value: $200 million
Effective: 2023-06-06

Exact text from the filing

, and (ii) its existing term loan credit agreement, dated January 18, 2023, which provided for a $200 million unsecured term loan credit facility.

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273 material agreements filed in the last 30 days. Browse all material agreements →

NORDSON CORP filing history →

Source: SEC EDGAR

accession 0000072331-23-000110

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