We acted for the Waterlogic Group - a leading designer, manufacturer and global distributor for point-of-use (“POU”) drinking water purification and dispensing systems - in obtaining syndicated multi-currency facilities including term and revolving credit facilities of AUS $54.6 million and NOK 51.6 million.
The funding was used to acquire the entire share capital of Cool Clear Water Group Ltd, the leading supplier of POU drinking water purification and dispensing systems inAustralia. This was Waterlogic’s largest acquisition to date and marked its entry into the Australian water cooler market.
We drafted and negotiated the syndicated multi-currency facilities agreement and dealt with the conditions precedent to drawdown including instructing, liaising with and co-ordinating lawyers in 12 other jurisdictions (United Kingdom, Jersey, Europe,China,Australia,USA,BahamasandBritish Virgin Islands). Our Corporate team also reviewed the acquisition agreement.