Nachrichten July 30, 2021

Osmosis Buyer Limited’s $2.475 Billion Acquisition Financing of Culligan International

Shearman & Sterling advised Morgan Stanley Senior Funding as Administrative Agent on a $2.475 billion financing for Osmosis Buyer Limited consisting of a $2 billion first lien secured term loan B facility, a $250 million delayed draw term loan B facility and a $225 million revolving credit facility to finance the acquisition of Culligan International by BDT Capital Partners. Morgan Stanley and Citibank acted as arrangers on the transaction.

Culligan International Company manufactures and distributes water filtration and treatment solutions for drinking and soft water in the United States and internationally for residential, office, commercial and industrial applications. It offers water softeners, drinking water systems, whole house water filters, bottled and bottle less water coolers, showerheads and pitchers.

The Shearman & Sterling team below included associate Gina Eum (NY-Finance).

The Team