secwatch.observer — SEC 8-K summary
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Issuer:     WATERS CORP /DE/ (WAT)
CIK:        0001000697
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001193125-23-142113
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/0001193125-23-142113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000697/000119312523142113/d503700d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-142113

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