Eden Springs secures €150 million credit/acquisition facility from European banks

January 17, 2012

The leading European office beverage company Eden Springs recently secured a €150 million credit/acquisition facility to fund future growth, sourced via a group of top-tier European banks headed by RaboBank International and the Royal Bank of Scotland.

According to the company, the move was made possible by strong financial performance and robust operating profits and it will enable the company to consolidate and build upon its position as Europe's number one provider of drinks solutions to the workplace .

"We are delighted to have secured this deal in challenging economic times for banking in Europe, and deem it a vote of confidence by the financial system in our business. We will dedicate a significant part of the capital raised to enlarge  and expand the company’s business through  organic growth and  acquisitions of various companies", said Raanan Zilberman, Eden Springs' Group CEO.

The credit/acquisition facility of €150 million is secured  for five years. It will allow the company to refinance its current liabilities and will also be used as working capital for the group’s business in Europe. In the short term, funds will also finance new acquisitions and investments that  will enable Eden Springs to expand its offer and  international coverage.