Pure Cycle receives $23.6M reimbursement from Sky Ranch CAB bond offering

PURE CYCLE CORP

Sky Ranch CAB closed $29.7M bond financing; net proceeds of $23.6M repaid to Pure Cycle.
Bonds: $23.3M senior and $6.4M subordinate, tax-exempt, fixed-rate.
Total municipal bonds issued by Sky Ranch CAB now $42.9M.
Phase 1 (509 homes) sold out; Phase 2A (229 lots) under development.
Funds used for public improvement reimbursables and accrued interest.

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