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.

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