BREAKING: $WAT confirmed it GUARANTEED a $4.0B SpinCo term loan used to fund a cash distribution to BD —…
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BREAKING: $WAT confirmed it GUARANTEED a $4.0B SpinCo term loan used to fund a cash distribution to BD — $3.5B tranche due in 364 days, $500M due in 2 yrs (funded Feb 6, 2026). 🚨💸 #Breaking #WAT #SpinOff #DebtDeal
ALERT: Parent & subsidiary guarantees put $WAT on the hook — raises consolidated leverage and near‑term refinancing risk (big $3.5B maturity <1yr). Could pressure ratings, dividends or buybacks if covenants bite. ⚠️📉 $WAT #CreditRisk #Leverage #FinTwit #Investing
Confirmed: Loan pricing = Term SOFR +87.5–135bps (alt base +0–35bps); Tranche1 margin may step up every 90 days. Covenants: leverage ≤3.50x (can go to 4.25x after a material acquisition) & interest coverage ≥3.5x. Watch S‑4 exhibits. 🧾🔎 #Debt #SpinOff #WAT