Global Water Resources raises $10M through private placement and credit facility expansion
PHOENIX, Sept. 01, 2026 /CourierPR/ -- Global Water Resources, Inc., a leading water resource management company, has bolstered its financial position through a $10 million private placement of common stock and an amended revolving credit facility, both completed in recent weeks. These moves aim to support the company's ongoing investments and operations, particularly in Arizona, where significant economic growth is expected.
The company issued 1,129,944 shares of common stock to accredited investors at a purchase price of $8.85 per share, generating gross proceeds of approximately $10 million. Additionally, Global Water Resources increased its revolving credit facility borrowing capacity from $20 million to $30 million, with the capacity expected to decrease to $25 million following future capital market activities, including debt or equity offerings. As of June 30, 2026, the company had $5.8 million drawn under the facility. The amended facility is set to mature on August 30, 2028.
The company plans to use the net proceeds from the private placement and the expanded credit facility for general corporate purposes, including working capital and capital expenditures. These funds will be directed towards infrastructure investments that provide safe, reliable, and sustainable water, wastewater, and recycled water services in the company's high-growth service areas, primarily around metropolitan Phoenix and Tucson.
"These financings strengthen Global Water’s financial position and provide additional capacity to fund prudent investments across our utilities," said Mike Liebman, Chief Financial Officer and Executive Vice President of Global Water Resources. "Our investments in water, wastewater, and recycled water infrastructure are central to our Total Water Management strategy. We are well-positioned to continue supporting customers, communities, and shareholders."
The recent financings also position the company to support continued organic connection growth in Arizona, where economic momentum remains strong. TSMC has recently announced an additional $100 billion investment in U.S. semiconductor manufacturing, bringing its total planned Arizona investment to $265 billion. Furthermore, the Arizona Office of Economic Opportunity projects that employment will increase by 454,000 jobs through 2034, representing an annual growth rate of 1.2%, or four times the national average of 0.3%. These trends are expected to support long-term demand across the company’s service areas.
"The economic growth in Arizona, driven by significant investments and job growth, presents an opportunity for our company to expand and improve our infrastructure to meet rising demand," Liebman added.
For more details about the transactions, see the company’s Form 8-Ks filed with the Securities and Exchange Commission (SEC).
Global Water Resources, Inc. is a pure-play water resource management company that owns and operates 39 systems providing water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. Global Water recycles over 1 billion gallons of water annually, with 19.9 billion gallons recycled since 2004. The company has been recognized for its implementation of Total Water Management, an integrated approach to managing the entire water cycle. To learn more, visit www.gwresources.com.