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NEW YORK (GenomeWeb) – In a filing with the US Securities and Exchange Commission late last week, Waters reported that it has entered into a credit agreement with JP Morgan Chase that provides the company with a five-year unsecured $300 million term loan and a $1.5 billion revolving facility.

The agreement also allows Waters to request increases to the loan and facility by amounts of not less than $25 million, up to a total additional amount of $200 million. However, JP Morgan Chase is not obligated to increase its loan and Waters can bring in additional lenders.

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