Waters Corp enters $200M private shelf note facility with NYL Investors

WATERS CORP /DE/

Up to $200M senior promissory notes; maturity up to 15 years per issuance.
Proceeds for general corporate purposes: refinancing, share repurchases, capex, acquisitions.
Financial covenants: max leverage ratio 3.50:1.00, min interest coverage 3.50:1.00.
Shelf facility with no commitment; NYL may decline purchases; issuance period through Feb 2026.
Guaranteed by certain subsidiaries under a Guarantee Agreement.

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