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BRIEF-Cott agrees to buy Eden Springs in Europe for EUR 470 mln

Published 2016-06-07, 06:31 a/m
© Reuters.  BRIEF-Cott agrees to buy Eden Springs in Europe for EUR 470 mln
PRMW
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June 7 (Reuters) - Cott Corp BCB.TO :
* Deal for approximately EUR 470 million
* Acquisition expected to be accretive to adjusted free cash
flows in first full year and provide cash on cash IRR above its
cost of equity
* Acquisition is expected to be accretive to free cash flow
in second full year
* Intends to finance transaction through combination of
incremental borrowings under ABL facility and new debt issuance
of unsecured notes
* Cott announces plans to expand its home and office bottled
water delivery and office coffee services platform through the
acquisition of eden springs in europe

Source text for Eikon:
Further company coverage: BCB.TO

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