Nordson Corporation Announces Pricing of $600 Million of 4.500% Notes due 2029
Nordson Corporation (Nasdaq: NDSN) (“Nordson” or the “Company”) today announced the pricing of its offering (the “Offering”), on September 4, 2024, of $600 million aggregate principal amount of 4.500% notes due 2029 (the “notes”). The Offering is expected to close on September 9, 2024, subject to the satisfaction or waiver of customary closing conditions.
The Company intends to use the net proceeds of the Offering (i) to repay its borrowings under its $500 million 364-Day Term Loan, entered into in connection with the completion of the Company’s acquisition of Atrion Corporation and its subsidiaries on August 21, 2024, (ii) to pay transaction related fees and expenses related to the Offering and (iii) for general corporate purposes.
Morgan Stanley & Co. LLC, BNP Paribas Securities Corp. and Wells Fargo Securities, LLC are acting as joint book-running managers for the Offering.
The Offering is being made pursuant to an effective shelf registration statement (including a prospectus) filed with the Securities and Exchange Commission (the “SEC”) on September 5, 2023 and a preliminary prospectus supplement filed with the SEC on September 4, 2024. Copies of the prospectus supplement and the base prospectus may be obtained by contacting Morgan Stanley & Co. LLC at c/o Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036 (fax: (212) 507-8999), Attention: Investment Banking Division; BNP Paribas Securities Corp. at c/o BNP Paribas Securities Corp., 787 Seventh Avenue, 3rd Floor, New York, New York 10019 (email: DL.US.Syndicate.Support@us.bnpparibas.com), Attention: Debt Syndicate Desk; or Wells Fargo Securities, LLC at c/o Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402 (email: wfscustomerservice@wellsfargo.com; tel: (800) 645-3751), Attention: WFS Customer Service. You may also obtain these documents for free from the SEC’s EDGAR database available online at www.sec.gov. The information contained in this press release is for informational purposes only and shall not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release contains information about pending transactions, and there can be no assurance that these transactions will be completed.