Refinance of Highland Spring by BREAL Zeta

Deal typeTransaction Services
Sub-industryFood and drink
Client nameOchil Holdings Limited

Specialist asset-based lender, BREAL Zeta structured and delivered an innovative £53.4m facility for Highland Spring, including a £28m cashflow loan.

This watershed deal provides a key platform for Highland Spring’s impressive, planned growth as the UK’s market-leading natural source water brand.

Established in 1980 and employing over 400 members of staff, Highland Spring is the number 1 natural source water brand in the UK, producing more than 500 million litres annually. The company sources its water from a protected, organically accredited catchment area stretching over 2,500 acres of the Ochil Hills in Perthshire, Scotland. The business recognises the importance of environmental and sustainable management by using a mere 3% of the annual rainfall in its catchment area.

The new facility will create significant headroom to address further investments in the business, from growing the Highland Spring brand and expanding its product portfolio to supporting its continuing journey toward net zero.                 

BDO provided debt advisory and refinancing due diligence services to Highland Spring to support their refinancing.