NEW YORK (GenomeWeb News) – Waters has sold $100 million worth of 3.75 percent Series A Senior Notes due Feb. 1, 2015, in a private placement with institutional purchasers, the firm said in a filing with the US Securities and Exchange Commission today.
The placement was made yesterday and is the first of two senior notes offerings. In the second, expected to take place on March 1, 2010, Waters intends to sell $100 million worth of 5 percent Series B Senior Notes due Feb. 1, 2020.
Interest on the notes is payable semi-annually on Feb. 1 and Aug. 1 each year.
Waters said that it will use the proceeds from the two private placements to repay other outstanding debt and for general corporate purposes.