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PUC approves GWA short‑term revolving credit with Royal Bank of Canada up to $75M
Summary
The commission approved GWA's revolving credit agreement with Royal Bank of Canada (up to $75 million) and a thirteenth supplemental indenture to secure the facility on parity with existing revenue bonds; the ALJ noted the CoreTech litigation may constrain the initial usable amount.
The Guam Public Utilities Commission unanimously approved GWA's petition to enter a revolving credit agreement with Royal Bank of Canada (RBC) for up to $75 million and authorized related documents, including the thirteenth supplemental bond indenture.
ALJ Greg told the commission that Public Law 37‑103 authorizes GWA to adopt short‑term financing alternatives and that the PUC…
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