09:48 AM EST - GWR Global Water Resources Corp. : and Global Water Resources, Inc. today announced that Global Water has secured $25,000,000 of financing to retire certain obligations. The financing consists of $7,625,000 of tax-exempt revenue bonds, $6,375,000 taxable revenue bonds and an $11,000,000 term loan. With the proceeds from these financings Global Water will retire the $7,000,000 term loan with Regions Bank, the $9,400,000 term loan with a shareholder and director of Global Water, and the approximately $4,345,000 in loans with the Water Infrastructure Finance Authority of Arizona. The remaining net proceeds provide Global Water with more than $1,500,000 for general working capital purposes, after the establishment of appropriate debt reserve funds. GWR Global Water Resources Corp.
shares T.GWR are trading unchanged at $3.00.
