{"schema_version":"secwatch.filing_event.v1","accession":"0001434728-23-000326","form_type":"8-K","ticker":"GWRS","cik":"0001434728","company_name":"Global Water Resources, Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.070120+00:00","generated_at":"2026-06-09T02:20:00.087341+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Global Water Resources issues $20M of 6.91% Senior Secured Notes due 2034","bullets":["$20M aggregate principal of 6.91% Senior Secured Notes due Jan 3, 2034, sold to Jackson National Life Insurance.","Proceeds to refinance existing debt, support capital investments, and for general corporate purposes.","Notes secured by pledge of equity interests in subsidiaries; guaranteed by Global Water, LLC, Global Water Holdings, and West Maricopa Combine.","Also entered Fourth Modification Agreement with Northern Trust to amend $15M revolver to reflect new notes.","Debt service coverage ratio covenant 1.20:1 through June 2024, then 1.25:1; limits dividends if below threshold."],"urls":{"canonical":"https://secwatch.observer/filing/0001434728-23-000326","json":"https://secwatch.observer/filing/0001434728-23-000326.json","markdown":"https://secwatch.observer/filing/0001434728-23-000326.md","text":"https://secwatch.observer/filing/0001434728-23-000326.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000326/0001434728-23-000326-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000326/gwrs-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T02:20:00.087341+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":"2b3efcb02540f387b79fa97686aa12e4571cac20","claim":"Global Water Resources, Inc. amended Fourth Modification Agreement with The Northern Trust Company (effective 2023-10-26).","evidence_excerpt":"On October 26, 2023, the Company and Northern Trust entered into the fourth amendment to the Loan Agreement (the “Fourth Modification Agreement”) to further amend the terms and conditions set forth in the Loan Agreement to, among other things, make certain conforming changes to reflect the issuance of the Notes and related matters.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000326/0001434728-23-000326-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"The Northern Trust Company"},{"label":"Effective","value":"2023-10-26"}],"fact_type":"material_agreement"},{"claim_id":"c358cd25c42697da0e4ecb40699c09d4618b1c3b","claim":"Global Water Resources, Inc. entered into Note Purchase Agreement with Jackson National Life Insurance Company valued at $20,000,000 of 6.91% Senior Secured Notes (effective 2023-10-26).","evidence_excerpt":"On October 26, 2023, Global Water Resources, Inc. (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”) with Jackson National Life Insurance Company pursuant to which the Company will, subject to customary closing conditions, issue an aggregate principal amount of $20,000,000 of 6.91% Senior Secured Notes due on January 3, 2034 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1434728/000143472823000326/0001434728-23-000326-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Jackson National Life Insurance Company"},{"label":"Value","value":"$20,000,000 of 6.91% Senior Secured Notes"},{"label":"Effective","value":"2023-10-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}