secwatch.observer — SEC 8-K summary
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Issuer:     Consolidated Water Co. Ltd. (CWCO)
CIK:        0000928340
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001558370-22-014505
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CWCO subsidiary Cayman Water secures $10M credit facility from Scotiabank
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- Cayman Water Company Limited, wholly-owned subsidiary of CWCO, entered a $10M credit facility with Scotiabank & Trust (Cayman) Ltd.
- Facility matures 2 years from initial advance; interest at Term SOFR + 2.00% per annum, payable monthly.
- Obligations secured by first charge on all fixed and floating assets of Cayman Water; parent Consolidated Water Co. Ltd. guarantees repayment.
- Proceeds for general working capital; covenants include minimum DSCR of 1.25:1 and max total debt/EBITDA of 2.50:1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/928340/000155837022014505/0001558370-22-014505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/928340/000155837022014505/cwco-20220916x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-014505

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