Key Bank, lead arranger and administration agent for Westlake, Ohio-based Nordson Corporation's refinancing credit, has filled roles in what bankers consider a well-received syndication. Wachovia Corp. is co-lead and syndication agent, and Credit Lyonnais and Bank of Nova Scotia have taken co-agent roles. Thirteen banks are reportedly in on the deal, which is a $350 million revolver priced at LIBOR plus 1 1/2%. It could not be ascertained whether the deal has filled.
Nordson is a producer of precision dispensing equipment. Nicholas Pellecchia, v.p., finance and controller for Nordson did not return calls.