Cadiz Announces $255 Million in Construction Financing for Desert Water Project
LA Business Journal, 5-2-17 By Howard Fine With the Trump administration soon likely to approve its long-sought desert water storage and transmission project, Cadiz Inc. announced Tuesday it has arranged up to $255 million in construction financing from giant private equity firm Apollo Global Management. Cadiz signed agreements with several funds managed by Apollo affiliates that […]
Cadiz Inc. Announces Strategic Transaction with Apollo to Finance Cadiz Water Project Construction
Funds affiliated with Apollo will provide $60M of capital to repay Cadiz Senior Secured Mortgage Debt of $45M and to provide $15M in construction capital, and will also provide a conditional commitment for up to an additional $240M in construction financing May 2, 2017 (LOS ANGELES, CA) –Today, Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is […]