Culligan to launch $200 million incremental term loan B on Friday

By Sara Rosenberg

New York, Sept. 19 – Culligan Holding Inc. (AI Aqua Merger Sub Inc.) is scheduled to hold a lender call at 11 a.m. ET on Friday to launch a $200 million incremental term loan B, according to a market source.

Morgan Stanley Senior Funding Inc., RBC Capital Markets and BMO Capital Markets Corp. are the lead banks on the deal.

Proceeds will be used to repay the existing balance on the company’s revolving credit facility, fund pending acquisitions and add cash to the balance sheet.

Culligan is a Rosemont, Ill.-based provider of water treatment products and services.

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