Artesian Resources subsidiary locks 4.43% fixed rate on $30M, 25-year bond

ARTESIAN RESOURCES CORP

$30M First Mortgage Bond with fixed rate of 4.43% per annum, 25-year maturity.
Proceeds to repay outstanding lines of credit and fund future capital investments.
Closing subject to Delaware Public Service Commission approval.
Quarterly interest payments on June 30, Sept 30, Dec 31, March 31 each year.
Broken funding charge payable if entire principal not borrowed by May 7, 2022.

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