The Firm represented the underwriters in connection with a registered offering by Nordson Corporation (“Nordson”) of $350 million aggregate principal amount of 5.6% Senior Notes due 2028 and $500 million aggregate principal amount of 5.8% Senior Notes due 2033 (together the “Notes”).
The Firm also represented the underwriter in Nordson’s €760 million senior unsecured 364-day term loan facility. The proceeds from the 364-day term loan, together with borrowings under Nordson’s existing revolving credit facility, were used to finance Nordson’s acquisition of ARAG Group and its subsidiaries and to pay associated fees and expenses. The 364-day term loans were repaid in full on September 13, 2023 from the proceeds of the Notes.
Nordson is an innovative precision technology company that leverages a scalable growth framework through an entrepreneurial, division-led organization to deliver top tier growth with leading margins and returns. Nordson’s direct sales model and applications expertise serves global customers through a wide variety of critical applications. Its diverse end market exposure includes consumer non-durable, medical, electronics and industrial end markets. Founded in 1954 and headquartered in Westlake, Ohio, Nordson has operations and support offices in over 35 countries.
The Simpson Thacher team for the debt offering included John C. Ericson, Adriana Estor-Restrepo and Melissa Lewis (Capital Markets); Dan Kay, Robert Meyer, Ashley Jaramillo and Matthew Elkwood (Credit); Michael Mann (Tax); Kate Mirino (IP); J. Pasco Struhs (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).