Artesian Resources subsidiary enters $5.33M SRF loans at 1% plus 1% fee for water main replacements

ARTESIAN RESOURCES CORP

Three loans totaling up to $5.333M from Delaware Drinking Water State Revolving Fund at 1.0% interest plus 1.0% admin fee.
Funds to replace water transmission mains in New Castle County, Delaware; drawings as costs incurred.
Principal payments begin after project completion; semiannual fee-only period through completion date.
Notes mature February 1, 2043; penalty of 1% of principal if less than 10% drawn by August 12, 2023.

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