Waters places notes totaling $250 million

By Lisa Kerner

Charlotte, N.C., May 13 – Waters Corp. sold three series of senior notes totaling $250 million, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be issued as follows: $50 million of 3.13% notes, series I, due 2023; $40 million of floating-rate notes, series J, due 2024; and $160 million of 3.44% notes, series K, due 2026.

The series J notes bear interest at Libor plus 145 basis points.

Proceeds will be used to repay outstanding debt and for general corporate purposes.

Interest on the series I and K notes is payable semiannually, while interest on the series J floating-rate notes is payable quarterly.

Waters is an analytical instrument manufacturer based in Milford, Mass.

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