Evoqua Water Technologies’ $825 Million Financing Facilities

K&L Gates LLP advised Evoqua Water Technologies Corp. (Evoqua) and certain of its subsidiaries on the deal.

Evoqua Water Technologies Corp. (Evoqua) and certain of its subsidiaries completed a multi-currency senior secured revolving credit facility in an aggregate principal amount of $350 million (including a letter of credit sub-facility of $60 million) and a senior secured term loan facility in the principal amount of $475 million, all agented by JPMorgan Chase Bank, N.A. (JPM). The JPM Credit Agreement incorporates positive incentive loans by allowing Evoqua to obtain reduced interest rate pricing for the revolving loans by meeting certain sustainability metrics.

Evoqua is a leading provider of water and wastewater treatment solutions, offering a broad portfolio of products, services, and expertise to support industrial, municipal, and recreational customers.

The K&L Gates team advising Evoqua was led by finance partner Marisa Murillo (Chicago; Picture), with assistance from finance partner Jonathan Vance(Dallas), corporate partners Bob Zinn (New York and Pittsburgh) and Megan Wotherspoon (Pittsburgh), and finance associate Kitt Ritter (Charleston).

Involved fees earner: Marisa Murillo – K&L Gates; Kitt Ritter – K&L Gates; Jonathan Vance – K&L Gates; Megan Wotherspoon – K&L Gates; Robert Zinn – K&L Gates;

Law Firms: K&L Gates;

Clients: Evoqua Water Technologies;

Author: Martina Bellini