11:36 AM EST - Global Water Resources, Inc. : Has completed the refinancing of its long-term debt. The Company issued, pursuant to a Note Purchase Agreement dated May 20, 2016, two series of senior secured notes in a total principal amount of $115 million. The new notes have a blended interest rate of 4.55% and provide for no principal payments during the first five years of the term. The Company used the proceeds to retire its existing long-term debt of $107 million and pay the associated prepayment penalties of $3.2 million. The remaining proceeds will be used by the Company for general corporate purposes. Global Water Resources, Inc.
shares T.GWR are trading down $0.02 at $10.50.
