Primo Water Announces Update on Financing Initiatives; New LT $20M Senior Revolving Credit Facility

by Benzinga Staff
April 13, 2012 8:02 AM | 1 min read | Make a Comment

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Primo Water Corporation (Nasdaq: PRMW) today announced it has received a commitment from a senior lender to enter into a new long-term $20 million senior revolving credit facility. Also, the Company expects to close a term loan for up to an additional $15 million with a separate lender, secured by certain fixed assets of the Company. The facilities are expected to have a four year term and will include customary terms and covenants, and are expected to close within 30 days. The Company expects to use the loan proceeds to pay off its existing senior credit facility and for general working capital purposes.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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