secwatch.observer — SEC 8-K summary
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Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0000863110-22-000050
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000050/0000863110-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000050/sfl.htm
  HTML page:      https://secwatch.observer/filing/0000863110-22-000050

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