Nordson Corporation (NASDAQ: NDSN) established a commercial paper program on June 2, 2026, allowing the company to issue up to $1.2 billion in unsecured commercial paper notes on a private placement basis.

The program enables Nordson to issue notes with maturities not exceeding 364 days from the date of issue. The company entered into dealer agreements with commercial paper dealers who will either purchase the notes from Nordson or arrange for their sale. A national bank serves as the issuing and paying agent for the program.

Nordson plans to use proceeds from the notes for general corporate purposes. The notes will be sold either at a discount from par value or at par with interest rates varying based on market conditions at the time of issuance.

The dealer agreements include standard representations, warranties, covenants and indemnification provisions. The notes will not be registered under the Securities Act of 1933 or state securities laws, and will be sold under applicable exemptions from registration requirements.

The maximum aggregate amount of notes outstanding at any time under the program cannot exceed $1.2 billion, according to the company's statement.