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 previously encouraged GWA to pursue such options to reduce ratepayer costs. The ALJ recommended approval of the August 24, 2025 credit agreement and the supplemental indenture, which bond counsel required to allow the bank facility to be secured by a pledge of revenues on a parity basis with GWA's revenue bonds.

GWA staff explained the facility will operate like a revolving line of credit, with draws used for short‑term construction financing while long‑term financing is arranged. Interest options include base rate loans (up to a higher rate) and daily simple SOFR loans plus margin; GWA reported an illustrative rate of about 5.54% in August as context. Counsel and staff noted RBC was the only bank to submit a binding proposal in the procurement process.

Commissioners asked about the effect of ongoing litigation (referenced in the meeting as the CoreTech matter) on the facility. GWA said RBC may limit the usable amount while the litigation is pending, and if the litigation resolves favorably, GWA may seek to increase capacity. The commission approved the agreement and related documents after discussion and a motion to approve passed unanimously.