debt
confidence high
sentiment neutral
materiality 0.55
Nordson completes $600M offering of 4.500% Notes due 2029; to repay $500M Term Loan
NORDSON CORP
- Issued $600M of 4.500% Notes due 2029 in underwritten public offering completed September 9, 2024.
- Net proceeds to repay $500M borrowings under Term Loan Facility (maturity Aug 2025) plus fees and general corporate purposes.
- Notes redeemable at any time at make-whole premium until one month before maturity (Par Call Date Nov 15, 2029).
- Change of control triggering event allows holders to put notes to company at 101% of principal plus accrued interest.
- After repayment, no outstanding loans under Term Loan Facility.