Water Intelligence PLC Credit Facility Expansion, Trading Update Notice (9395N)
04 Febrero 2021 - 1:00AM
UK Regulatory
TIDMWATR
RNS Number : 9395N
Water Intelligence PLC
04 February 2021
Water Intelligence plc
("Water Intelligence" or the "Company")
Expansion of Credit Facility
Notice of Year-end Trading Update
Water Intelligence, a leading multinational provider of
precision, minimally-invasive leak detection and remediation
solutions for both potable and non-potable water infrastructure, is
pleased to announce that it has expanded its credit facilities
("Credit Facilities") by $3.2 million in order to further
accelerate growth for 2021.
During 4Q 2020, the Company announced that it had refinanced and
expanded its Credit Facilities both to reduce the cost of existing
debt over the next five years and to create new financing capacity
of $8 million to fuel growth. During December, Water Intelligence
put capital to work by announcing three accretive franchise
reacquisitions to accelerate growth for 2021 and beyond.
Today's additional expansion of the Credit Facilities, by a
further $3.2 million in term debt, takes advantage of the current
low interest rate environment and is made possible by the Company's
consistently strong financial performance.
Water Intelligence plans to provide its full-year 2020 Trading
Update next week.
Dr. Patrick DeSouza, Executive Chairman of Water Intelligence,
commented: "We are excited to deliver for 2021 and to surpass the
high bar that we typically set for ourselves. Today's non-dilutive
financing delivers additional value to our shareholders."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014
Enquiries:
Water Intelligence plc
Patrick DeSouza (Executive Chairman) Tel: +1 203 654
Adrian Hargrave (VP, Corporate Development) 5426
Tel: +44 (0)7775
701 838
Dowgate Capital Limited (Financial Adviser Tel: +44(0)7920
and Joint Broker) 599 793
Stephen Norcross
WH Ireland Limited (Nomad and Joint Broker)
Adrian Hadden Tel: +44 (0)20 7220
James Sinclair-Ford 1666
Matthew Chan
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDXGDDCDGDGBX
(END) Dow Jones Newswires
February 04, 2021 02:00 ET (07:00 GMT)
Water Intelligence (LSE:WATR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Water Intelligence (LSE:WATR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024