Sparkling Spring Files Registration Statement for Initial Public Offering of Common Shares

May 15, 2002

Sparkling Spring Water Holdings Ltd., parent of Sparkling Spring Water Group Limited, announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common shares. Sparkling Spring operates in the home and office direct delivery segment of the bottled water industry and rents water coolers and delivers bottled water directly to residential and commercial customers in the United States, Canada and the United Kingdom.

Goldman, Sachs & Co. will act as sole book-runner in the offering. UBS Warburg LLC will act as joint lead manager with JP Morgan and TD Securities acting as co-managers. The proposed offering will include shares issued and sold by Sparkling Spring and, if exercised, the underwriters' over-allotment option will include shares sold by certain Sparkling Spring shareholders.

Sparkling Spring anticipates using the net proceeds it receives from the offering to repay the outstanding 11.5% senior subordinated notes due 2007 of its subsidiary Sparkling Spring Water Group Limited, and to repay a portion of the outstanding indebtedness under Sparkling Spring Water Group's senior credit facility.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

Source: PRNewswire

Sponsored Recommendations

Blower Package Integration

March 20, 2024
See how an integrated blower package can save you time, money, and energy, in a wastewater treatment system. With package integration, you have a completely integrated blower ...

Strut Comparison Chart

March 12, 2024
Conduit support systems are an integral part of construction infrastructure. Compare steel, aluminum and fiberglass strut support systems.

Energy Efficient System Design for WWTPs

Feb. 7, 2024
System splitting with adaptive control reduces electrical, maintenance, and initial investment costs.

Blower Isentropic Efficiency Explained

Feb. 7, 2024
Learn more about isentropic efficiency and specific performance as they relate to blowers.