NEW YORK (S&P Global Ratings) Dec. 23, 2021--S&P Global Ratings today said it will continue to monitor the credit quality of Osmosis Holdings L.P. (doing business as Culligan; B/Negative/--) following the company's announcement that it has entered into an agreement to acquire Waterlogic Holdings Ltd. (B/Stable/--). The transaction and potential related financing terms have not been disclosed. Waterlogic is a leading global provider of point-of-use (POU) water systems, which we view as highly complementary to Culligan's Quench business and POU businesses across Europe and Asia. Although the transaction reflects a continuance of Culligan's acquisitive growth strategy, we believe it may not increase the company's pro forma leverage depending on the financing mix it employs (the amount of debt and any
