On March 23, 2026, Waters Corporation, through its subsidiary Augusta SpinCo Corporation, successfully completed a public offering of $3.5 billion in senior notes. The offering included five series of notes with varying maturities and interest rates: $650 million of 4.321% Senior Notes due 2027, $600 million of 4.398% Senior Notes due 2029, $750 million of 4.656% Senior Notes due 2031, $750 million of 4.945% Senior Notes due 2033, and $750 million of 5.245% Senior Notes due 2036. The notes are fully and unconditionally guaranteed on a senior unsecured basis by Waters Corporation and certain subsidiaries, which also guarantee the company's existing credit facilities. The proceeds from this offering will be utilized to repay $3.5 billion of indebtedness under a delayed draw term loan incurred by the issuer in February 2026. This strategic move is expected to enhance the company's liquidity position and optimize its capital structure, reflecting a proactive approach to managing debt obligations. The offering was conducted under a prospectus supplement filed with the Securities and Exchange Commission, indicating compliance with regulatory requirements. The notes were sold through an underwriting agreement with major financial institutions, ensuring a robust distribution network for the securities. This transaction is anticipated to have a positive impact on Waters Corporation's financial flexibility and operational capabilities moving forward.

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