Waters Pays off Debt Obligation Early | GenomeWeb
NEW YORK (GenomeWeb News) – Waters disclosed in a filing with the US Securities and Exchange Commission today that it has used existing cash balances to prepay $150 million in debt borrowed earlier this year from JPMorgan Chase Bank and certain financial institutions.
 
The original maturity of the term loan facility was Jan. 11, 2012. The firm said that there was no penalty incurred from prepaying the debt obligation.
 
Waters said that it paid the debt early in order to reduce interest expense.
 

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