Nordson Corporation Completes Acquisition Financing
09.13.24
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The Firm represented the underwriters in connection with a registered offering by Nordson Corporation (“Nordson”) of $600 million aggregate principal amount of 4.500% Notes due 2029 (the “Notes”).
The Firm also represented the lenders in Nordson’s $500 million senior unsecured 364-day term loan facility (the “364-Day Term Loan”). The proceeds from the 364-Day Term Loan, together with cash on hand and borrowings under Nordson’s existing revolving credit facility, were used to finance Nordson’s acquisition of Atrion Corporation. The 364-Day Term Loan was repaid in full on September 9, 2024 from the proceeds of the Notes, the balance of which will be used to pay transaction related fees and expenses and for general corporate purposes.
Nordson is an innovative precision technology company that 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, Traci Biedermann and Christopher Flynn (Capital Markets); Dan Kay, Robert Meyer and Roey Vardi (Credit); Michael Mann (Tax); Ron Ben-Yehuda and Sara Liu (IP); J. Pasco Struhs (Executive Compensation and Employee Benefits); Jennie Getsin (FINRA and Blue Sky); and Vanessa Burrows and Jacob Madden (Healthcare).