Brief: Artesian Resources Corp says On May 7, Unit Of Co Entered Into Interest Rate Lock Agreement With Cobank, ACB

Artesian Resources

10/05/2018 20:07

May 10 (Reuters) - Artesian Resources Corp  ARTNA.O :
    * ARTESIAN RESOURCES CORP - ON MAY 7, 2018, UNIT OF CO
ENTERED
INTO AN INTEREST RATE LOCK AGREEMENT WITH COBANK, ACB - SEC
FILING
    * ARTESIAN RESOURCES CORP - COMPANY IS SEEKING TO FINANCE A
$12
MILLION PRINCIPAL AMOUNT FIRST MORTGAGE BOND
    * ARTESIAN RESOURCES CORP - AGREEMENT ALLOWS FOR A MATURITY
PERIOD
OF 20 YEARS AND A FIXED INTEREST RATE OF 5.12% PER ANNUM FOR THE
BOND
    * ARTESIAN RESOURCES-CO AGREES TO PAY TO COBANK, ON DEMAND,
BROKEN
FUNDING CHARGE IF CO DOES NOT BORROW ENTIRE $12 MILLION ON OR
BEFORE SETTLEMENT DATE

Source text - https://bit.ly/2I70J1l
Further company coverage:  ARTNA.O 

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