Brief: Cadiz Inc announces strategic transaction with Apollo

Cadiz

02/05/2017 14:00

May 2 (Reuters) - Cadiz Inc  CDZI.O :  
    * Cadiz Inc announces strategic transaction with Apollo to 
finance cadiz water project construction 
    * Cadiz - funds managed by Apollo affiliates, co executed 
agreements to replace, refinance co's senior secured mortgage 
debt, provide $15 million new senior debt 
    * Cadiz Inc - Apollo funds also executed conditional 
commitment letter to fund up to $240m in construction finance 
expenditures for Cadiz Water Project 
    * Cadiz Inc - apollo funds entered into an agreement to 
provide $60m of capital to refinance Cadiz's $45m senior secured 
mortgage debt 
 
Source text for Eikon:  ID:nGNXNUPCDa  
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