DS Waters $280 million credit facility to launch Thursday

By Sara Rosenberg

New York, Oct. 11 - DS Waters Enterprises LP is scheduled to hold a bank meeting on Thursday to launch its proposed $280 million credit facility, according to a market source.

General Electric Capital Corp. is the lead bank on the deal.

The facility consists of a $180 million term loan talked at Libor plus 225 basis points, a $20 million revolver talked at Libor plus 225 bps and an $80 million asset-based revolver talked at Libor plus 100 bps, the source said.

Proceeds will be used to refinance existing debt.

DS Waters is an Atlanta-based home and office water delivery company.

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