Here are the 424B prospectus supplements from Waters Corp (WAT) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow WAT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WAT filings page.
Waters Corporation is offering $3,500,000,000 of senior notes through its subsidiary Augusta SpinCo Corporation. The offering comprises five series of senior unsecured notes: $650,000,000 4.321% due September 23, 2027, $600,000,000 4.398% due March 23, 2029, $750,000,000 4.656% due March 23, 2031, $750,000,000 4.945% due March 23, 2033, and $750,000,000 5.245% due March 23, 2036.
The Notes will be senior unsecured obligations of Augusta and will be fully and unconditionally guaranteed on a senior unsecured basis by Waters Corporation and specified subsidiaries. The Issuer intends to use the net proceeds, together with cash on hand, to repay borrowings under the Augusta Delayed Draw Term Loan Facility.
Waters Corporation is seeking shareholder approval to issue up to 60,737,462 shares of common stock in connection with its acquisition of BD’s Biosciences & Diagnostic Solutions business via a Reverse Morris Trust structure. BD will first separate the BDS Business into Augusta SpinCo Corporation, distribute SpinCo shares to BD shareholders, and then SpinCo will merge with a Waters subsidiary to become a wholly owned Waters subsidiary. Former SpinCo shareholders are expected initially to hold about 39.2% of Waters on a fully diluted basis, with a mechanism to increase their stake up to at least a 50.5% threshold if required to preserve intended U.S. tax-free treatment. SpinCo plans to incur up to $4.0 billion of debt to fund a cash distribution to BD, while Waters may incur up to $1.8 billion of bridge or long‑term financing and may pay a special dividend that adjusts with any Exchange Ratio increase.