{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-130641","form_type":"8-K","ticker":"WAT","cik":"0001000697","company_name":"WATERS CORP /DE/","filed_at":"2025-05-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.118207+00:00","generated_at":"2026-05-20T05:21:09.659269+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Waters Corp amends credit facility; removes $200M term loan, retains $1.8B revolver through 2030","bullets":["Removed existing $200M term loan; retained $1.8B senior unsecured revolving credit facility maturing May 22, 2030.","May request up to $750M incremental commitments (total cap $2.55B); up to $50M available for letters of credit.","Interest spreads: Term SOFR + 80–112.5 bps; facility fee 7.5–22.5 bps based on leverage or debt ratings.","Leverage covenant max 3.50x (can rise to 4.25x for acquisitions ≥$500M cash consideration).","JPMorgan Chase remains administrative agent; subsidiaries guarantee obligations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-130641","json":"https://secwatch.observer/filing/0001193125-25-130641.json","markdown":"https://secwatch.observer/filing/0001193125-25-130641.md","text":"https://secwatch.observer/filing/0001193125-25-130641.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000697/000119312525130641/0001193125-25-130641-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000697/000119312525130641/d828462d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T05:21:09.659269+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c5dc5e6aafd8aa326dd10b3c62702182addfcc02","claim":"WATERS CORP /DE/ amended revolving credit of $1.8 billion with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR plus an applicable spread ranging from 80 basis points to 112.5 basis maturing May 22, 2030.","evidence_excerpt":"On May 22, 2025, Waters Corporation (the “Company”) and certain of its subsidiaries, as guarantors, entered into an Amendment and Restatement Agreement (the “Amendment”) in respect of that certain Amended and Restated Credit Agreement, dated as of September 17, 2021 and amended as of March 3, 2023 (the “Existing Credit Agreement”, and as amended by the Amendment, the “Amended Credit Agreement”), with the lenders and issuing banks party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, pursuant to which the Company, among other things, removed its existing term loan facility of up to $200 million and retained its existing senior unsecured revolving credit facility in an aggregate principal amount of up to $1.8 billion (the “Revolving Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000697/000119312525130641/0001193125-25-130641-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.8 billion"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR plus an applicable spread ranging from 80 basis points to 112.5 basis"},{"label":"Maturity","value":"May 22, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}