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BRIEF-Cadiz Inc announces strategic transaction with Apollo
May 2, 2017 / 1:06 PM / 7 months ago

BRIEF-Cadiz Inc announces strategic transaction with Apollo

May 2 (Reuters) - Cadiz Inc:

* 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: Further company coverage:

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