NORDSON CORP (NDSN): debt financing — Nordson issues $850M in notes to repay €760M term loan

NORDSON CORP

Completed public offering: $350M 5.600% Notes due 2028 and $500M 5.800% Notes due 2033.
Net proceeds to repay €760M term loan (maturity Aug 2024) plus fees and general corporate purposes.
Notes redeemable at make-whole premium before Aug 15, 2028 (2028 notes) and June 15, 2033 (2033 notes).
Change of control triggers repurchase at 101% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NORDSON CORP incurred senior notes of $350,000,000 aggregate principal amount of its 5.600% Notes due 2028 and $500,000,000 aggregate principal amount of the with U.S. Bank Trust Company, National Association at 5.600% per annum for the 2028 Notes; 5.800% per annum for the 2033 Notes maturing September 15, 2028 for the 2028 Notes; September 15, 2033 for the 2033 Notes.

Instrument: senior notes
Principal: $350,000,000 aggregate principal amount of its 5.600% Notes due 2028 and $500,000,000 aggregate principal amount of the
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.600% per annum for the 2028 Notes; 5.800% per annum for the 2033 Notes
Maturity: September 15, 2028 for the 2028 Notes; September 15, 2033 for the 2033 Notes
Event: incurrence

Exact text from the filing

On September 13, 2023, Nordson Corporation (the “Company”) completed its underwritten public offering (the “Offering”) of $350,000,000 aggregate principal amount of its 5.600% Notes due 2028 (the “2028 Notes”) and $500,000,000 aggregate principal amount of the Company’s 5.800% Notes due 2033 (the “2033 Notes” and, together with the 2028 Notes, the “Notes”).

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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 0001193125-23-234350

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