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Waters Receives $250M Loan; Will Buy Back Stock, Pay for General Expenses

NEW YORK, Nov. 30 (GenomeWeb News) - Waters has borrowed $250 million on Nov. 28 as part of a new term loan facility administered by JPMorgan Chase Bank and other financial institutions, the company disclosed today in a filing with the Securities and Exchange Commission.

 

Waters expects to use the cash to buy back common stock under its stock-repurchase program and for "general corporate purposes," the filing said.

 

The term matures on Nov. 28, 2010, and requires no scheduled repayments beforehand, but prepayments can be made.

The Scan

LINE-1 Linked to Premature Aging Conditions

Researchers report in Science Translational Medicine that the accumulation of LINE-1 RNA contributes to premature aging conditions and that symptoms can be improved by targeting them.

Team Presents Cattle Genotype-Tissue Expression Atlas

Using RNA sequences representing thousands of cattle samples, researchers looked at relationships between cattle genotype and tissue expression in Nature Genetics.

Researchers Map Recombination in Khoe-San Population

With whole-genome sequences for dozens of individuals from the Nama population, researchers saw in Genome Biology fine-scale recombination patterns that clustered outside of other populations.

Myotonic Dystrophy Repeat Detected in Family Genome Sequencing Analysis

While sequencing individuals from a multi-generation family, researchers identified a myotonic dystrophy type 2-related short tandem repeat in the European Journal of Human Genetics.