secwatch / observer
8-K filed June 30, 2023, 7:59 PM ET ticker GWRS CIK 0001434728
debt confidence high sentiment neutral materiality 0.45

Global Water Resources, Inc. (GWRS): debt financing — Global Water Resources extends revolving credit facility maturity to July 2025, adds quarterly facility fee

Global Water Resources, Inc.

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

Global Water Resources, Inc. amended revolving credit of up to a maximum principal amount of $10.0 million with The Northern Trust Company maturing July 1, 2025.

Instrument
revolving credit
Principal
up to a maximum principal amount of $10.0 million
Counterparty
The Northern Trust Company
Maturity
July 1, 2025
Event
amendment
Exact text from the filing
Agreement”) with The Northern Trust Company, an Illinois banking corporation (“Northern Trust”) , for a two-year revolving line of credit up to a maximum principal amount of $10.0 million. On April 30, 2021, the Company and Northern Trust entered into the first amendment to the Loan Agreement pursuant to which, among other things, the maturity date for the
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Global Water Resources, Inc. entered into Third Modification Agreement with The Northern Trust Company valued at Extended maturity from July 1, 2024 to July 1, 2025 and added quarterly facility fee of 0.35% of ave (effective 2023-06-28).

Action
entry
Agreement
credit facility
Counterparty
The Northern Trust Company
Value
Extended maturity from July 1, 2024 to July 1, 2025 and added quarterly facility fee of 0.35% of ave
Effective
2023-06-28
Exact text from the filing
On June 28, 2023 , the Company and Northern Trust entered into the third amendment to the Loan Agreement (the “Third Modification Agreement”) to further amend the terms and conditions set forth in the amended Loan Agreement to, among other things, (i) extend the scheduled maturity date from July 1, 2024 to July 1, 2025 and (ii) add a quarterly facility fee equal to 0.35% of the average daily unused amount of the revolving line of credit.
View on SEC.gov

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Global Water Resources, Inc. filing history →

Source: SEC EDGAR
accession 0001434728-23-000221
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