Key Bank and Wachovia Corp. have wrapped up syndication on their $350 million refinancing credit for Westlake, Ohio-based Nordson Corporation. A banker close to the situation said that Credit Lyonnais and Bank of Nova Scotia took co-documentation roles. The deal was split between a $100 million, 364-day revolver and a $250 million, five-year revolver. All-in pricing was LIBOR plus 11/2 %. Nordson is a producer of precision dispensing equipment, with applications in consumer and industrial products during manufacturing operations. Nicholas Pellecchia, v.p., finance and controller for Nordson did not return calls.
Wachovia, Key Wind Up Nordson Credit