Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AquaVenture Holdings Ltd. > News item |
AquaVenture amends credit agreement, ups borrowings to $260 million
By Sarah Lizee
Olympia, Wash., Nov. 1 – AquaVenture Holdings Ltd. amended its senior secured credit agreement on Thursday to increase borrowings to $260 million and reduce the interest rate for the existing $150 million loan, according to a press release.
Interest was lowered by 50 basis points on both the variable and fixed portions, the company said.
A portion of the incremental debt in addition to existing cash was used to fund the company’s acquisition of AUC Acquisitions Holdings, LLC for a total purchase price of about $130 million.
AquaVenture is a Tampa, Fla.-based Water-as-a-Service (WAAS) solutions company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.