Waters Corp Subsidiary Prices $3.5 Billion Senior Notes to Fund Acquisition

summarizeSummary

Waters Corp's subsidiary, Augusta SpinCo, priced a $3.5 billion senior notes offering, a key financing component for the recently completed $16.8 billion acquisition of BD's Biosciences & Diagnostic Solutions.

check_boxKey Events

• Finalizes $3.5 Billion Senior Notes Offering

  Augusta SpinCo Corporation, a subsidiary of Waters Corp, priced $3.5 billion in senior notes across five tranches with maturities ranging from 2027 to 2036 and coupons from 4.321% to 5.245%.

• Supports Major Acquisition Financing

  This debt offering is a critical component in financing Waters Corp's recently completed $16.8 billion acquisition of BD's Biosciences & Diagnostic Solutions business.

• Investment Grade Rating Achieved

  The senior notes received investment-grade ratings of Baa2/BBB (Stable/Stable), reflecting the company's credit quality.

auto_awesomeAnalysis

This Free Writing Prospectus finalizes the terms for Augusta SpinCo Corporation's offering of $3.5 billion in senior notes across five tranches. This significant debt issuance, rated investment grade (Baa2/BBB), is a crucial step in financing Waters Corp's recently closed $16.8 billion acquisition of BD's Biosciences & Diagnostic Solutions business, as previously disclosed in the 8-K filing on March 16, 2026. The successful pricing of this substantial debt package provides the necessary capital to support the strategic acquisition.