CADIZ INC (CDZI): debt financing — Cadiz secures $51M loan from Lytton Rancheria for Mojave Groundwater Bank

CADIZ INC

Unsecured term loan up to $51M from Lytton Rancheria; first tranche of $450M equity raise via MWI.
Initial ~$15M draw planned for project expenses and equipment deposits for 2026 pipeline construction.
Loan at 8% interest, convertible into 51% of storage cash flows and MWI equity on same terms as other investors.
Cadiz issues 600,000 commitment shares plus 25,000 shares per $1M funded; S-3 registered.
Company in diligence for additional $400M private equity plus municipal debt and grants to fund full project.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CADIZ INC incurred term loan of up to $51,000,000 with Lytton Rancheria of California at 8% per annum maturing 66 months after the Effective Date.

Instrument: term loan
Principal: up to $51,000,000
Counterparty: Lytton Rancheria of California
Rate: 8% per annum
Maturity: 66 months after the Effective Date
Event: incurrence

Exact text from the filing

Lytton will provide an unsecured term loan in an aggregate principal amount of up to $51,000,000 to the Company

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304 debt financings filed in the last 30 days. Browse all debt financings →

CADIZ INC filing history →

Source: SEC EDGAR

accession 0001213900-25-102822

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.