Pure Cycle Receives $10.1M From Sky Ranch CAB Bond Refinancing; Funds Repay Public Improvement Reimbursables And Interest
Portfolio Pulse from Benzinga Newsdesk
Pure Cycle Corporation has received $10.1 million from the refinancing of Sky Ranch CAB bonds. The funds will be used to repay public improvement reimbursables and interest.
October 30, 2024 | 8:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pure Cycle Corporation received $10.1 million from the refinancing of Sky Ranch CAB bonds, which will be used to repay public improvement reimbursables and interest.
The receipt of $10.1 million from bond refinancing is a positive financial development for Pure Cycle Corporation, as it allows the company to repay public improvement reimbursables and interest, potentially improving its financial position and reducing liabilities.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90