Davis Polk advised the representative of the initial purchasers in connection with a Rule 144A/Regulation S offering of €450 million aggregate principal amount of senior notes due 2028 of Primo Water Holdings Inc., a subsidiary of Primo Water Corporation.
Incorporated in 1955 and headquartered in Tampa, Florida, Primo is a leading pure-play water solutions provider in North America, Europe and Israel. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 21-country footprint direct to the customer’s door, whether at home or to commercial businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at over 13,000 locations and water refill units at approximately 22,000 locations, respectively.
The Davis Polk capital markets team included partner Derek Dostal and associates Angela Park and Elijah D. Jenkins. The tax team included counsel Kiara L. Rankin and associate Talya Presser. Partner Pritesh P. Shah and associate Michael V. Policastro provided intellectual property advice. All members of the Davis Polk team are based in the New York office.