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Culligan plans new debt financing for AquaVenture purchase
By Sara Rosenberg
New York, Dec. 23 – Culligan has received a commitment for debt financing to help fund its acquisition of AquaVenture Holdings Ltd., according to a news release.
Other funds for the transaction will come from for equity provided by Advent International.
Under the agreement, AquaVenture is being bought for $27.10 in cash per ordinary share. The transaction is valued at about $1.1 billion, including AquaVenture’s net debt.
Culligan is a Rosemont, Ill.-based provider of sustainable water solutions and services. AquaVenture is a British Virgin Islands-based developer and provider of sustainable Water-as-a-Service solutions.
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