Nordson Corporation today announced the pricing of its $600 million offering of 4.500% notes due 2029. The offering is set to close on September 9, 2024, subject to the fulfillment or waiver of customary closing conditions.
The company plans to use the net proceeds from the offering to (i) repay its borrowings under a $500 million 364-Day Term Loan, which was taken out for the acquisition of Atrion Corporation and its subsidiaries on August 21, 2024, (ii) cover transaction-related fees and expenses, and (iii) fund 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 conducted under a shelf registration statement filed with the Securities and Exchange Commission (SEC) on September 5, 2023, along with a preliminary prospectus supplement filed on September 4, 2024. Copies of the prospectus supplement and base prospectus are available from Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., or Wells Fargo Securities, LLC, or can be accessed for free via the SEC’s EDGAR database at www.sec.gov.
This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the notes. The notes will not be sold in any jurisdiction where such offers or sales would be unlawful prior to proper registration or qualification under applicable securities laws. Completion of the transactions described in this press release is not guaranteed.
