Global Water Resources Secures $15 Million Term Loan from CoBANK

Reuters2025-12-17
Global Water Resources Secures $15 Million Term Loan from CoBANK

Global Water Resources Inc. has entered into a new credit agreement with CoBANK, ACB, securing a $15 million term loan. The loan carries a fixed interest rate of 5.49% per annum, with interest payments due semi-annually beginning June 15, 2026, and a maturity date set for December 10, 2035. The loan is guaranteed by several Global Water Resources subsidiaries and secured by pledges of equity interests in all company subsidiaries and related assets. The agreement includes covenants restricting additional indebtedness, asset transfers, and certain payments, including dividend limitations if the company's debt service coverage ratio falls below 1.25:1.00.

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