BRIEF-Global Water Resources announces note purchase agreement for $115 mln

Tue May 24, 2016 7:47am EDT
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May 24 (Reuters) - Global Water Resources Inc

* Note purchase agreement to issue 2 series of senior secured notes for $115 million at interest rate of 4.55%

* Will use proceeds to refinance its existing long-term debt of $107 million and pay associated prepayment penalties of $3.2 million

* "Expect this debt refinancing to significantly improve our annual cash flow" Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)