June 7, 2016 / 10:32 AM / a year ago

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

1 Min Read

June 7 (Reuters) - Cott Corp :

* 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: (Bengaluru Newsroom: +1-646-223-8780)

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