SunTrust Robinson Humphrey acted as lead arranger on a new $22 million senior secured credit facility for Primo Water, a provider of multi-gallon purified bottled water, self-service refill water and water dispensers.
Primo Water completed its previously announced acquisition of Glacier Water Services for approximately $273 million. Goldman Sachs agented a $196 million senior credit facility to support the transaction.
Primo Water and Glacier Water Services closed a merger agreement. Primo will acquire all outstanding shares of Glacier. Goldman Sachs provided financing in support of the transaction.
Primo Water announced an amendment to its credit agreement with Comvest Capital. The $3 million additional term loan will be used to pay fees related to the amendment and provide additional working capital.