OK, thinkgs have become a little confused here. First off the model text, this is the subcircuit definition, tidied up version below:
* Transorb Model from Cadence Website
*
* Parameters:
*
* IRM maximum leakage current VCL max maximum clamping voltage
* VBR nom nominal breakdown voltage Ipp max peak pulse current
* VBR max maximum breakdown voltage Cjof zero bias capacitance
* IR Test current @ VBRnom ISBF saturation current to fit capacitance
* NBF emission coefficient to fit capacitance
*
.SUBCKT TRANSORB Anode1 Anode2 PARAMS:
+ IRM=5u VBRnom=19 VBRmax=13 IR=1m
+ VCLmax=27.7 Ipp=54.2 Cjof=1200p
+ ISBF=1f NBF=1
***** SCHEMATICS DESCRIPTION *****
Drev1 A_int1 Cathode TRANSR
Dfwd1 Anode1 Cathode TRANSBF
Dr1 A_int1 Anode1 DTRANS
Drev2 A_int2 Cathode TRANSR
Dfwd2 Anode2 Cathode TRANSBF
Dr2 A_int2 Anode2 DTRANS
***** REVERSE BEHAVIOUR *****
.MODEL TRANSR D(
+ IS={IRM/2} RS={(VCLmax-VBRmax)/Ipp}
+ BV={VBRnom} IBV={IR}
+ IKF=1000 Cjo=1p M=.3333 VJ=.6
+ ISR=1p TT=1u )
***** JUNCTION CAPACITANCE BEHAVIOUR *****
.MODEL TRANSBF D(
+ IS={ISBF} N={NBF} RS=1u IKF=1000
+ Cjo={Cjof} M=.3333 VJ=.6 ISR=1p
+ BV=1000 IBV=100u TT=1u )
.MODEL DTRANS D(
+ IS=1n N=.01 RS=1u IKF=1000 Cjo=1p
+ M=.3333 VJ=.6 ISR=1p BV=1000 IBV=100u
+ TT=1u )
.ENDS
Copy this text into the Model Editor. Start the Model Editor from the PSpice Accessories program group with the mail program group. Use File>New, then Model>New to get a new model going, pick a diode and give it a name, any will do since this will only be transient data. When the model is created, use View>Edit Model to get the model text displayed, select all the text and delete it, then paste in the Transorb model text, save the data, you will be prompted for a new file name / location for the LIB file. Use File>Export to Capture Part Library, this will create a "black box" for the part that you can place in the schematic - you can edit the graphic later but the symbol will be fine for testing. Exit the Model Editor.
In the schematic, place the part just created after adding the OLB file. Then Edit the Simulation Profile, PSpice>Edit Simulation Profile, Configuration files tab, select Library on the left, use the Upper Browse button to browse to the LIB file saved from the Model Editor and use the Add to Design button to add the LIB file to you design for simulation. Configure any other simulation parameters and close the simulation profile. Complete the circuit and run the simulation.
Using SPICE text models is also covered in Appendix C of the PSpice Users Guide, pspug.pdf in the doc\pspug directory of teh installation.