Citizens Energy Group and CWA Authority Joint Meeting Minutes August 2025
Citizens Approves $40M Interest Rate Hedge for Whitestown Acquisition
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Description
The Board authorized Citizens Resources to execute an interest rate hedge (notional amount up to $40 million) on behalf of Citizens Water to hedge interest rate risk until the Whitestown Water System lease closes.
Contract Details
Contract Amount
up to $40,000,000 (notional principal for interest rate hedge)
Vendor
CITIZENS BY-PRODUCTS COAL COMPANY DBA CITIZENS RESOURCES
Agency
Citizens Energy Group, IN
Contract Type
FINANCIAL_SERVICES
Document Date
August 20, 2025
Contract Term
Not later than one year from issuance (hedge termination coinciding with financing closure)
Renewal Info
Transaction is a one-time hedge, not renewable; to be terminated prior to or at lease closing.
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Citizens Energy Group and CWA Authority Joint Meeting Minutes August 2025
Citizens Energy Group and CWA Authority Joint Meeting Minutes August 2025
Citizens Energy Group and CWA Authority Joint Meeting Minutes August 2025
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