Triwater gets $92.5 million loan for refinancing, Paragon acquisition

By Tali Rackner

Norfolk, Va., March 5 – Triwater Holdings received a $92.5 million senior secured credit facility to support the refinancing of the company and to support its acquisition of Paragon Water Systems, according to a news release.

Ares Capital Corp. served as the administrative agent, collateral agent, lead arranger and bookrunner for the financing, which occurred in the fourth quarter of 2014.

Triwater is a water treatment, water filtration and wastewater infrastructure repair holding company.

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