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Nordson Corporation Announces Pricing of $350 Million of 5.600% Notes due 2028 and $500 Million of 5.800% Notes due 2033
WESTLAKE, Ohio--(BUSINESS WIRE)-- Nordson Corporation (Nasdaq: NDSN) (“Nordson” or the “Company”) today announced the pricing of its offering (the
About this update from Nordson Corporation
[{"type":"text","content":" WESTLAKE, Ohio--(BUSINESS WIRE)--\nNordson Corporation (Nasdaq: NDSN) (“Nordson” or the “Company”) today announced the pricing of its offering (the “Offering”), on September 7, 2023, of $350 million aggregate principal amount of 5.600% notes due 2028 (the “2028 notes”) and $500 million aggregate principal amount of 5.800% notes due 2033 (the “2033 notes” and, together with the 2028 notes, the “notes”). The Offering is expected to close on September 13, 2023, subject to the satisfaction or waiver of customary closing conditions.\n\n\nThe Company intends to use the net proceeds of the Offering (i) to repay its borrowings under its €760 million 364-Day Term Loan, entered into in connection with the completion of the Company’s acquisition of ARAG Group and its subsidiaries on August 24, 2023, (ii) to pay transaction related fees and expenses related to the Offering and (iii) for general corporate purposes.\n\n\nJ.P. Morgan Securities LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the Offering.\n\n\nThe 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 7, 2023. Copies of the prospectus supplement and the base prospectus may be obtained by contacting J.P. Morgan Securities LLC at 383 Madison Ave, New York, NY 10179, Attention: Investment Grade Syndicate Desk, or by telephone at (212) 834-4533; Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, or by telephone at (800) 645-3751 or email at [email protected]; or Deutsche Bank Securities Inc., 1 Columbus Circle, New York, NY 10019, Attention: Prospectus Group, or by telephone at (800) 503-4611 or email at [email protected]. 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 prio...