secwatch.observer — SEC 8-K summary
======================================

Issuer:     WATERS CORP /DE/ (WAT)
CIK:        0001000697
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001193125-24-180722
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 enters $200M private shelf note facility with NYL Investors
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000697/000119312524180722/0001193125-24-180722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000697/000119312524180722/d864539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-180722

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer