Global Water extends $20M credit facility maturity
Global Water Resources, Inc. entered into a Seventh Modification Agreement with The Northern Trust Company to amend its existing revolving credit facility.
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Form Type
8-K
Rhea-AI Filing Summary
Global Water Resources, Inc. entered into a Seventh Modification Agreement with The Northern Trust Company to amend its existing revolving credit facility. The line of credit continues to provide up to $20.0 million in borrowing capacity, and the scheduled maturity date is extended from May 18, 2027 to May 18, 2028. The amendment includes customary representations, warranties, and covenants consistent with the prior loan agreement.
8-K Event Classification
3 items: 1.01, 2.03, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Revolving credit capacity: $20.0 million
New maturity date: May 18, 2028
Prior maturity date: May 18, 2027
+1 more
4 metrics
Revolving credit capacity
$20.0 million
Maximum principal amount under Loan Agreement
New maturity date
May 18, 2028
Extended scheduled maturity of revolving credit facility
Prior maturity date
May 18, 2027
Original scheduled maturity before Seventh Modification Agreement
Amendment date
April 30, 2026
Date of Seventh Modification Agreement execution
Key Terms
Material Definitive Agreement, revolving line of credit, Emerging growth company, off-balance sheet arrangement, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
revolving line of credit financial
"for a revolving line of credit that currently provides the Company up to a maximum of $20.0 million"
A revolving line of credit is a flexible borrowing arrangement that allows a person or business to access funds up to a set limit whenever needed, much like a prepaid card. As money is repaid, it becomes available to borrow again, making it a convenient way to manage cash flow or cover ongoing expenses. Investors pay attention to it because it reflects a company’s ability to access quick funds and manage financial flexibility.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
off-balance sheet arrangement financial
"or an Obligation under an Off-Balance Sheet Arrangement of a Registrant."
An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.
Seventh Modification Agreement financial
"entered into the seventh amendment to the Loan Agreement (the “Seventh Modification Agreement”)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What financing change did Global Water Resources (GWRS) disclose in this 8-K?
Global Water Resources entered a Seventh Modification Agreement with The Northern Trust Company, amending its revolving credit facility. The line continues to provide up to $20.0 million in borrowing capacity, primarily extending the loan’s scheduled maturity to May 18, 2028.
How large is Global Water Resources’ revolving credit facility with Northern Trust?
The revolving line of credit with The Northern Trust Company provides Global Water Resources up to a maximum principal amount of $20.0 million. This facility offers flexible borrowing capacity for corporate needs under terms set in the original Loan Agreement and subsequent amendments.
What did the Seventh Modification Agreement change for GWRS?
The Seventh Modification Agreement primarily extends the scheduled maturity date of Global Water Resources’ revolving credit facility from May 18, 2027 to May 18, 2028. It also maintains customary representations, warranties, and covenants consistent with the existing Loan Agreement terms.
Who is Global Water Resources’ lending counterparty in this agreement?
The lending counterparty is The Northern Trust Company, an Illinois banking corporation. Northern Trust provides Global Water Resources with a revolving credit facility up to $20.0 million under the Loan Agreement and its Seventh Modification Agreement dated April 30, 2026.
Does the 8-K mention any off-balance sheet obligations for GWRS?
The filing notes that information regarding a direct financial obligation or an off-balance sheet arrangement is provided under Item 1.01. This cross-reference links the revolving credit amendment to the disclosure of Global Water Resources’ direct financial obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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