Item 1.02 Termination of a Material Definitive Agreement.
On October 9, 2008, Waters Corporation (the "Company") utilized existing cash
balances to voluntarily prepay $150 million of debt originally borrowed by the
Company on March 28, 2008 under its Credit Agreement (the "Credit Agreement")
with certain financial institutions and JPMorgan Chase Bank, N.A. as
administrative agent dated March 25, 2008. The original maturity of the $150
million term loan facility provided by the Credit Agreement was January 11,
2012, and there was no penalty for prepaying the debt prior to that date. The
Company prepaid the debt in order to reduce interest expense. The repayment of
the debt effectively terminated all lending arrangements under the Credit
Agreement as of October 9, 2008.
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