Filed Pursuant to Rule 424(b)(2)
Registration No. 333-274340
Prospectus Supplement
(To Prospectus dated September 5, 2023)
$850,000,000
![LOGO](https://capedge.com/proxy/424B2/0001193125-23-232550/g453348g65k01.jpg)
Nordson Corporation
$350,000,000 5.600% Notes due 2028
$500,000,000 5.800% Notes due 2033
Nordson Corporation is offering an aggregate of $350,000,000 principal amount of 5.600% notes due 2028 (the “2028 notes”) and $500,000,000 principal amount of 5.800% notes due 2033 (the “2033 notes” and, together with the 2028 notes, the “notes”).
We will pay interest on the 2028 notes and the 2033 notes semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2024. The 2028 notes will mature on September 15, 2028, and the 2033 notes will mature on September 15, 2033.
Each series of notes is being offered separately and not part of a unit. No offering of either series of notes is conditioned on the offering of the other series of notes.
Each series of notes is unsecured and ranks equally with all of our other unsecured and unsubordinated indebtedness from time to time outstanding. Neither series of notes will be entitled to the benefit of any sinking fund.
We may redeem either series of the notes at our option at any time, in whole or in part, at the redemption prices described in this prospectus supplement. See “Description of the Notes—Optional Redemption.” If a change of control triggering event occurs, we will be required to make an offer to repurchase each series of the notes for cash from the holders at a price equal to 101% of their aggregate principal amount, plus accrued and unpaid interest to, but not including, the date of repurchase. See “Description of the Notes—Change of Control Offer.”
On August 24, 2023, through our wholly-owned subsidiary Nordson Italia Agriculture S.r.l., we completed the acquisition of (i) all the issued and outstanding shares of Polyusus Lux XX S.à. r.l., a Luxembourg private limited liability company, and AgriTech Holding S.à. r.l., a Luxembourg private limited liability company (“AgriTech”), (ii) certain notes issued by AgriTech, and (iii) indirectly, a 100% equity interest in Arag S.r.l., an Italian limited liability company (“Arag”), as well as the equity interests owned by Arag in its direct and indirect subsidiaries, for a purchase price of approximately €957 million, net of the repayment of approximately €30.3 million of debt of the acquired companies (the “Acquisition”). We financed the Acquisition through a combination of borrowings under our existing revolving credit facility and the proceeds of a €760 million committed senior unsecured 364-Day term loan facility (the “364-Day Term Loan”). We plan to use the proceeds of this offering (i) to repay the borrowings under the 364-Day Term Loan, (ii) to pay transaction related fees and expenses and (iii) for general corporate purposes.
Each series of notes is a new issue of securities with no established trading market. We do not intend to apply to list either series of notes on any securities exchange or for inclusion in any automated dealer quotation system.
Investing in the notes involves risks. For a discussion of certain factors that should be considered, see “Risk Factors” beginning on page S-9 of this prospectus supplement.
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| | Per 2028 Note | | | Total | | | Per 2033 Note | | | Total | |
Price to the public(1) | | | 99.978 | % | | $ | 349,923,000 | | | | 99.715 | % | | $ | 498,575,000 | |
Underwriting discount | | | 0.600 | % | | $ | 2,100,000 | | | | 0.650 | % | | $ | 3,250,000 | |
Proceeds to us (before expenses)(1) | | | 99.378 | % | | $ | 347,823,000 | | | | 99.065 | % | | $ | 495,325,000 | |
(1) | Plus accrued interest, if any, from September 13, 2023 to the date of delivery. |
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the notes in book-entry form only through the facilities of The Depository Trust Company for the accounts of its participants, including Clearstream Banking, société anonyme, and Euroclear Bank, S.A./N.V., as operator for the Euroclear System, against payment in New York, New York on or about September 13, 2023.
Joint Book-Running Managers
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J.P. Morgan | | Wells Fargo Securities | | Deutsche Bank Securities |
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BofA Securities | | PNC Capital Markets LLC | | US Bancorp |
Co-Managers
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HSBC | | Huntington Capital Markets | | Morgan Stanley |
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TD Securities | | Truist Securities |
Prospectus Supplement dated September 7, 2023