BREAKING: $NDSN CONFIRMED a new $1.2B senior unsecured multicurrency revolving credit facility — maturing…
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BREAKING: $NDSN CONFIRMED a new $1.2B senior unsecured multicurrency revolving credit facility — maturing Jan 30, 2031 🚨💰 #Breaking #Liquidity #NDSN #CreditFacility
ALERT: The revolver bolsters liquidity and lowers near-term refinance risk — proceeds used to retire $248M of term loans; available for working capital & M&A 🔒📈 $NDSN #DebtMgt #FinTwit #CorporateFinance
Key terms: $85M LC sub-facility, $100M swingline, $425M multicurrency sub‑limit; interest = base/SOFR/etc + margin tied to leverage or debt rating; customary covenants (leverage & interest coverage) 🏦📑 #Banking #NDSN #Credit
Lenders led by Wells Fargo & major banks; unsecured facility (no new liens) but standard events of default apply — loans funded on customary conditions. Watch ratings & leverage triggers for potential cost changes ⚠️📉 #Risk #FinTwit $NDSN