debt
confidence high
sentiment neutral
materiality 0.50
Global Water Resources extends revolving credit line to $15M and maturity to July 2024
Global Water Resources, Inc.
- Credit line increased from $10M to $15M; maturity extended from April 30, 2024 to July 1, 2024.
- Interest rate benchmark switched from LIBOR to Daily Simple SOFR plus 2.10% (floor 2.10%).
- No amount drawn under the line as of July 27, 2022.
- Subsidiary guarantors (Global Water LLC, West Maricopa, Global Water Holdings) consented and reaffirmed guarantees.