NEWS
Paul Hastings Advises Underwriters in $3.5 Billion Notes Offering by Waters Corporation Subsidiary Augusta SpinCo
March 23, 2026
Paul Hastings LLP advised Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities, BofA Securities, HSBC Securities (USA) and the other underwriters in connection with the SEC-registered offering by Augusta SpinCo Corporation, a subsidiary of Waters Corporation (NYSE: WAT). The offering includes an aggregate of $3.5 billion of senior notes, consisting of $650 million aggregate principal amount of 4.321% senior notes due 2027, $600 million aggregate principal amount of 4.398% senior notes due 2029, $750 million aggregate principal amount of 4.656% senior notes due 2031, $750 million aggregate principal amount of 4.945% senior notes due 2033 and $750 million aggregate principal amount of 5.245% senior notes due 2036. The notes are guaranteed by Waters and certain of its subsidiaries.
Partner Jeff Ramsay led the Paul Hastings team, which included partners Morgan Bale, Ismael Duran and Daniel Nicholas and associates Chris Guerin, Katie Warshauer, Jonah Berger-Cahn and Kenneth Bagdasar.
More details can be found here.
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