{"schema_version":"secwatch.filing_event.v1","accession":"0000863110-22-000073","form_type":"8-K","ticker":"ARTNA","cik":"0000863110","company_name":"ARTESIAN RESOURCES CORP","filed_at":"2022-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.779435+00:00","generated_at":"2026-06-21T06:32:31.043061+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Artesian Resources subsidiary enters $2.99M in loans at 2% for water main replacements","bullets":["Total loan amounts of $901,170, $1,042,695, and $1,050,000 (aggregate ~$2.99M) from Delaware Drinking Water State Revolving Fund.","Interest rate of 1.0% plus 1.0% admin fee (2.0% total); semiannual Fee payments begin June 1, 2023; principal payment deferred until project completion.","Two notes mature June 1, 2043; one note matures December 1, 2043.","Proceeds finance costs of replacing water transmission mains in New Castle County, Delaware.","Subsidiary issued General Obligation Notes under customary covenants; events of default include nonpayment, bankruptcy."],"urls":{"canonical":"https://secwatch.observer/filing/0000863110-22-000073","json":"https://secwatch.observer/filing/0000863110-22-000073.json","markdown":"https://secwatch.observer/filing/0000863110-22-000073.md","text":"https://secwatch.observer/filing/0000863110-22-000073.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/863110/000086311022000073/0000863110-22-000073-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/863110/000086311022000073/srf.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T06:32:31.043061+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"314a0e5d498b09065409b58e19a3f75f088037b5","claim":"ARTESIAN RESOURCES CORP incurred loan of $901,170, $1,042,695 and $1,050,000 with Delaware Drinking Water State Revolving Fund at 1.0% per annum maturing June 1, 2043 and December 1, 2043.","evidence_excerpt":"Under the Financing Agreements, the Department has agreed to advance to or to reimburse Artesian Water up to $901,170, $1,042,695 and $1,050,000 (collectively, the “Loans”) from the Fund to finance all or a portion of the costs to replace specific water transmission mains in service areas located in New Castle County, Delaware (collectively, the “Projects”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/863110/000086311022000073/0000863110-22-000073-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$901,170, $1,042,695 and $1,050,000"},{"label":"Counterparty","value":"Delaware Drinking Water State Revolving Fund"},{"label":"Rate","value":"1.0% per annum"},{"label":"Maturity","value":"June 1, 2043 and December 1, 2043"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"912ef968f67cd5f76ebd94759907683f9340e0d2","claim":"ARTESIAN RESOURCES CORP entered into Financing Agreements with Delaware Drinking Water State Revolving Fund, acting by and through the Delaware Department of Health & Social Services, Division of Public Health valued at up to $901,170, $1,042,695 and $1,050,000 (effective 2022-12-09).","evidence_excerpt":"On December 9, 2022, Artesian Water Company, Inc. (“Artesian Water”), a wholly owned subsidiary of Artesian Resources Corporation, entered into three Financing Agreements (the “Financing Agreements”) with the Delaware Drinking Water State Revolving Fund (the “Fund”), acting by and through the Delaware Department of Health & Social Services, Division of Public Health, a public agency of the state of Delaware (the “Department”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/863110/000086311022000073/0000863110-22-000073-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Delaware Drinking Water State Revolving Fund, acting by and through the Delaware Department of Health & Social Services, Division of Public Health"},{"label":"Value","value":"up to $901,170, $1,042,695 and $1,050,000"},{"label":"Effective","value":"2022-12-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}