Business Context and Reporting Period
Company: Global Water Resources, Inc. (GWRS)
Filing Type: Form 8-K (Current Report)
Date of Report: July 1, 2024
Reporting Period: Event date of July 1, 2024
The Company entered into a material definitive agreement regarding its existing revolving line of credit with The Northern Trust Company.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or liquidity metrics. It focuses exclusively on a debt facility amendment.
| Metric | Value |
|---|---|
| Revolving Credit Facility Maximum | $15.0 million |
| Lender | The Northern Trust Company |
| Original Maturity Date | July 1, 2025 |
| New Maturity Date | July 1, 2026 |
Material Changes
- Debt Extension: The Company executed the Fifth Modification Agreement to extend the maturity date of its revolving line of credit by one year, from July 1, 2025, to July 1, 2026.
- Terms: The agreement maintains the maximum principal borrowing amount of $15.0 million and includes customary representations, warranties, and covenants consistent with the original Loan Agreement.
Guidance, Outlook, and Risks
Management Commentary: The filing states that the modification was entered into to extend the scheduled maturity date. No specific guidance, outlook, or management commentary regarding future operations or financial performance is provided in this document.
Risks and Contingencies: The filing notes that the summary of the Fifth Modification Agreement is qualified in its entirety by reference to the full text of the agreement filed as Exhibit 10.1. No specific new risks or contingencies are detailed in the text of this 8-K.
Investor Verification Checklist
- Verify the full terms of the Fifth Modification Agreement in Exhibit 10.1 to confirm any changes to interest rates, fees, or covenants not explicitly summarized.
- Confirm the Company's current outstanding balance under the $15.0 million facility to assess immediate liquidity needs.
- Review the Company's most recent 10-Q or 10-K for updated financial statements, as this 8-K contains no financial performance data.