Nordson Corp. (NDSN) Enters Term Loan Agreement with Morgan Stanley Senior Funding

On June 21, 2024, Nordson Corp. (NASDAQ: NDSN) entered into (i) a 364-Day Term Loan Agreement (the “Term Loan Agreement”) with Morgan Stanley Senior Funding, Inc., as Administrative Agent (the “Term Loan Agent”), Sole Lead Arranger and Sole Bookrunner, and various financial institutions named therein as lenders and (ii) along with its subsidiary, Nordson Engineering GmbH, a private limited liability company organized and existing under the laws of Germany, registered with the commercial register of the local court of Lüneburg under number HRB 999 (the “Nordson GmbH”), an Incremental Amendment to Credit Agreement (the “Incremental Amendment”) with Wells Fargo Bank, National Association, as Administrative Agent (the “Revolving Agent”), and various financial institutions named therein as lenders, which amended that certain Credit Agreement, dated as of June 6, 2023 (the “Revolving Credit Agreement”), by and among the Company, Nordson GmbH, the Administrative Agent, Wells Fargo Securities, LLC, BofA Securities, Inc., JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, and U.S. Bank National Association, as Joint Lead Arrangers and Joint Bookrunners, and various financial institutions named therein as lenders. The Term Loan Agreement provides for a delayed draw term loan facility in the aggregate principal amount of $500.0 million (the “Term Loan Facility”). The Incremental Amendment, among other things, provides for an increase in the Revolving Credit Commitments (as defined in the Revolving Credit Agreement) in an amount equal to $72.5 million.

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