secwatch.observer — SEC 8-K summary
======================================

Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0000863110-22-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000007/0000863110-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000007/8k.htm
  HTML page:      https://secwatch.observer/filing/0000863110-22-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer