debt
confidence high
sentiment neutral
materiality 0.55
Nordson enters $500M term loan and increases revolver to fund Atrion acquisition
NORDSON CORP
- Delayed-draw $500M senior unsecured term loan; proceeds will partially fund previously announced Atrion acquisition.
- 364-day maturity from closing date; interest at base rate or SOFR plus margin based on leverage ratio.
- Revolving credit facility increased by $72.5M to $922.5M via incremental amendment for general purposes.
- Mandatory prepayment provisions from debt/equity issuances and asset sales, subject to exceptions.
- Covenants include leverage and interest coverage ratios; restricts liens, debt, mergers, and asset sales.