NEW YORK (GenomeWeb) – Waters disclosed in a filing with the US Securities and Exchange Commission on Friday that it has sold $250 million in senior notes to institutional accredited investors.
The mass spectrometry and chromatography equipment manufacturer didn't name the purchasers but said that it sold three series of senior notes in the private placement.
It sold $50 million of Series I Senior Notes that bear interest at 3.13 percent and mature on May 12, 2023; $40 million of Series J Floating Rate Senior Notes that bear interest at three-month LIBOR for the floating rate period plus 1.45 percent and mature on May 13, 2024; and $160 million of Series K Senior Notes that bear interest at 3.44 percent and mature on May 12, 2026.
Waters said that it would use proceeds from the offering to repay other outstanding debt and for general corporate purposes.