Global Water Resources Enters Material Definitive Agreement

TL;DR

GWRS just signed a big deal, creating a new financial obligation. Details in the 8-K.

AI Summary

Global Water Resources, Inc. entered into a material definitive agreement on December 10, 2025. This agreement creates a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Global Water Resources, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

• Global Water Resources, Inc. (company) — Registrant
• December 10, 2025 (date) — Date of earliest event reported
• 21410 N. 19th Avenue #220 Phoenix, Arizona 85027 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share GWRS The NASDAQ Stock Market,
• $15,000,000 — an in the aggregate principal amount of $15,000,000 (the "Term Loan") on the terms and subj

Filing Documents

• gwrs-20251210.htm (8-K) — 43KB
• a01-creditagreementxcobank.htm (EX-10.1) — 295KB
• a02-promissorynotexcobankx.htm (EX-10.2) — 15KB
• a03-guarantyagreementxcoba.htm (EX-10.3) — 65KB
• a04-guarantyagreementxcoba.htm (EX-10.4) — 67KB
• a05-guarantyagreementxcoba.htm (EX-10.5) — 67KB
• a06-pledgeandsecurityagree.htm (EX-10.6) — 96KB
• a07-pledgeandsecurityagree.htm (EX-10.7) — 110KB
• a08-pledgeandsecurityagree.htm (EX-10.8) — 104KB
• a09-pledgeandsecurityagree.htm (EX-10.9) — 102KB
• 0001628280-25-057444.txt ( ) — 1311KB
• gwrs-20251210.xsd (EX-101.SCH) — 2KB
• gwrs-20251210_def.xml (EX-101.DEF) — 14KB
• gwrs-20251210_lab.xml (EX-101.LAB) — 25KB
• gwrs-20251210_pre.xml (EX-101.PRE) — 15KB
• gwrs-20251210_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Credit Agreement and Promissory Note On December 10, 2025, Global Water Resources, Inc. (the "Company") entered into a credit agreement (the "Credit Agreement") with CoBANK, ACB, a federally-chartered instrumentality of the United States ("CoBANK"), and a related promissory note issued by the Company to CoBANK (the "Promissory Note" and together with the Credit Agreement, the "CoBANK Loan Agreements"), pursuant to which CoBANK provided the Company a term loan in the aggregate principal amount of $15,000,000 (the "Term Loan") on the terms and subject to the conditions set forth in the CoBANK Loan Agreements. The Term Loan bears interest at a fixed rate of 5.49% per annum, payable semi-annually on June 15 and December 15 of each year, beginning on June 15, 2026. The scheduled maturity date of the Term Loan is December 10, 2035, subject to certain prepayment requirements upon a Change in Control (as defined in the Credit Agreement). The obligations under the CoBANK Loan Agreements are guaranteed by the following subsidiaries of the Company: Global Water, LLC, West Maricopa Combine, LLC, and Global Water Holdings, Inc. (together, the "Guarantors"). The obligations under the CoBANK Loan Agreements are also secured by a pledge of the equity interests in all direct and indirect subsidiaries of the Company and certain related rights and property. The Credit Agreement contains a debt service coverage ratio financial maintenance covenant, as well as certain restrictive covenants that limit, among other things, the Company's ability to: create liens and other encumbrances; incur additional indebtedness; merge, liquidate or consolidate with another entity; dispose of or transfer assets; make distributions or other restricted payments; engage in certain affiliate transactions; and change the nature of the business. Additionally, the Credit Agreement contains a provision limiting the payment of dividends if the Company fa

03 Creation of a Direct Financial Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item 2.03 Creation of a Direct Financial Obligation under an Off-Balance Sheet Arrangement of a Registrant The information required by this Item 2.03 is included in Item 1.01 of this Form 8-K and incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Credit Agreement, dated December 10, 2025, by and between Global Water Resources, Inc. and CoBANK, ACB 10.2 Promissory Note, dated December 10, 2025, by and between Global Water Resources, Inc. and CoBANK, ACB 10.3 Guaranty Agreement, dated December 10, 2025, by Global Water, LLC 10.4 Guaranty Agreement, dated December 10, 2025, by West Maricopa Combine, LLC 10.5 Guaranty Agreement, dated December 10, 2025, by Global Water Holdings, Inc. 10.6 Pledge and Security Agreement, dated December 10, 2025, by and between Global Water Resources, Inc. and U.S. Bank Trust Company, National Association, as collateral agent 10.7 Pledge and Security Agreement, dated December 10, 2025, by and between Global Water, LLC and U.S. Bank Trust Company, National Association, as collateral agent 10.8 Pledge and Security Agreement, dated December 10, 2025, by and between West Maricopa Combine, LLC and U.S. Bank Trust Company, National Association, as collateral agent 10.9 Pledge and Security Agreement, dated December 10, 2025, by and between Global Water Holdings, Inc. and U.S. Bank Trust Company, National Association, as collateral agent 104 Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GLOBAL WATER RESOURCES, INC. Date: December 16, 2025 /s/ Michael J. Liebman Michael J. Liebman Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR