Nordson signs $500.0 million term loan to help fund Atrion acquisition
Nordson entered a $500.0 million 364-day delayed draw term loan on June 21, 2024, and a $72.5 million increase to its revolving credit commitments, which brings the revolving facility to $922.5 million. The company plans to use the term loan proceeds in part to fund its previously announced acquisition of Atrion Corporation, so the filing adds debt tied to that deal.
Key points
- Term Loan Facility: $500.0 million, delayed draw, senior unsecured, matures 364 days after the closing date, which is tied to the Atrion acquisition closing.
- Revolving Credit Facility: aggregate commitments increased by $72.5 million to $922.5 million under an Incremental Amendment dated June 21, 2024.
- Loans bear interest at a base rate or SOFR plus a margin based on Nordson's leverage ratio; covenants include a leverage ratio and an interest coverage ratio.
- Acquisition of Atrion was agreed on May 28, 2024, under a merger agreement in which Atrion becomes a wholly owned subsidiary.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.