secwatch / observer
8-K filed March 7, 2023, 6:59 PM ET ticker WAT CIK 0001000697
debt confidence high sentiment neutral materiality 0.45

WATERS CORP /DE/ (WAT): debt financing — Waters Corp increases revolving credit facility by $200M to $2.0B, transitions to Term SOFR

WATERS CORP /DE/

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WATERS CORP /DE/ amended credit facility of $200.0 million increase to the existing revolving facility for an aggregate principal amount of $2.0 billion with lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent at replaces LIBOR with Term SOFR.

Instrument
credit facility
Principal
$200.0 million increase to the existing revolving facility for an aggregate principal amount of $2.0 billion
Counterparty
lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent
Rate
replaces LIBOR with Term SOFR
Event
amendment
Exact text from the filing
agent. The Amendment amends the Existing Credit Agreement (as so amended by the Amendment, the “Amended Credit Agreement”), and, among other things, provides for a $200.0 million increase to the existing revolving facility for an aggregate principal amount of $2.0 billion. Additionally, the Amendment replaces LIBOR with Term SOFR as the benchmark rate for
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WATERS CORP /DE/ amended Amendment and Incremental Commitment Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $200.0 million (effective 2023-03-03).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Value
$200.0 million
Effective
2023-03-03
Exact text from the filing
On March 3, 2023, Waters Corporation (the “Company”) and certain of its subsidiaries, as guarantors, entered into an Amendment and Incremental Commitment Agreement (the “Amendment”) in respect of that certain Amended and Restated Credit Agreement, dated as of September 17, 2021 (the “Existing Credit Agreement”), with the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-062099
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