---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-142113"
form_type: "8-K"
ticker: "WAT"
cik: "0001000697"
company_name: "WATERS CORP /DE/"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T03:17:23.852581+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Waters Corp issues $100M in 4.91% senior notes; establishes $400M private shelf facility

## Summary
- Issued $50M Series P 4.91% notes due 2028 and $50M Series Q 4.91% notes due 2030 to PGIM and purchasers.
- Multi-currency private shelf facility allows up to $400M total notes outstanding, including existing $122M in other series.
- Proceeds for general corporate purposes including debt repayment, share repurchases, capex, and acquisitions.
- Covenants include leverage ratio ≤3.50:1.00 and interest coverage ratio ≥3.50:1.00.
- Shelf notes can be issued in USD, EUR, or GBP; issuance period ends three years from signing.

## SEC filing metadata
- accession: 0001193125-23-142113
- form_type: 8-K
- ticker: WAT
- cik: 0001000697
- company_name: WATERS CORP /DE/
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/0001193125-23-142113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/d503700d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-142113
- JSON: https://secwatch.observer/filing/0001193125-23-142113.json
- Plain text: https://secwatch.observer/filing/0001193125-23-142113.txt

## Key facts
- Debt Financings
  WATERS CORP /DE/ incurred senior notes of $50,000,000 with PGIM, Inc. and the purchasers listed on Schedules A-1 and A-2 at 4.91% maturing May 11, 2028.
  - Instrument: senior notes
  - Principal: $50,000,000
  - Counterparty: PGIM, Inc. and the purchasers listed on Schedules A-1 and A-2
  - Rate: 4.91%
  - Maturity: May 11, 2028
  - Event: incurrence
  source text: $50,000,000 aggregate principal amount of 4.91% Senior Guaranteed Notes, Series P, due May 11, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/0001193125-23-142113-index.htm
- Debt Financings
  WATERS CORP /DE/ incurred senior notes of $50,000,000 with PGIM, Inc. and the purchasers listed on Schedules A-1 and A-2 at 4.91% maturing May 11, 2030.
  - Instrument: senior notes
  - Principal: $50,000,000
  - Counterparty: PGIM, Inc. and the purchasers listed on Schedules A-1 and A-2
  - Rate: 4.91%
  - Maturity: May 11, 2030
  - Event: incurrence
  source text: $50,000,000 aggregate principal amount of 4.91% Senior Guaranteed Notes, Series Q, due May 11, 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/0001193125-23-142113-index.htm
- Material Agreements
  WATERS CORP /DE/ entered into Multi-Currency Note Purchase and Private Shelf Agreement with PGIM, Inc. and the purchasers listed on Schedules A-1 and A-2 valued at $400,000,000 (effective 2023-05-11).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: PGIM, Inc. and the purchasers listed on Schedules A-1 and A-2
  - Value: $400,000,000
  - Effective: 2023-05-11
  source text: On May 11, 2023, Waters Corporation (the “Company”) entered into a Multi-Currency Note Purchase and Private Shelf Agreement (the “Note Purchase Agreement”) with PGIM, Inc. and the purchasers of the Notes (as defined below) listed on Schedules A-1 and A-2 attached thereto (collectively, the “Note Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/0001193125-23-142113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.