We're pleased to provide debt capital and look forward to working with Onesource for the next several years
Bloomfield Hills, MI (PRWEB) July 23, 2013
HV Capital Investors (HVCI) announces that it has expanded its debt facility with Onesource Water to $31 million.
Onesource Water is the third largest distributor of point-of-use water purification systems in the U.S., and it operates in 15 geographic markets in 13 states. The company is growing through both acquisitions and new sales in existing markets.
The HVCI debt facility will support the Onesource Water growth strategy over the next several years. Currently $16.5 million of the facility is outstanding, with the remaining $14.5 million available to finance future growth.
HVCI has been the company’s debt partner since its initial acquisition in 2010. The original debt facility was $4 million.
A.J. Wasserstein, Executive Chairman, stated, “HVCI has been a fantastic debt partner for Onesource Water. They have been direct, responsive and insightful into the core business economics, and they have played an instrumental role in our company’s growth and development.”
Glenn Healey, Managing Director of HVCI, commented, “Onesource Water has a strong recurring revenue base and its investment opportunities are outstanding. We are pleased to be providing the company with debt capital and look forward to working with them for the next several years.”
About HV Capital Investors (HVCI), HV Capital Investors, LLC http://www.hvcapitalinvestors.com/ is a private investment company that provides debt and equity financing to companies that have the capacity to generate predictable cash flow from operations. The firm provides both senior and subordinated debt, and it makes non-control equity investments through an affiliate. HVCI was formed in 2003 and is headquartered in Bloomfield Hills, Michigan.