secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001558370-22-013944
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000155837022013944/0001558370-22-013944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000155837022013944/pcyo-20220823x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-013944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer