Posted: Wednesday, June 3, 2020. 12:09 pm CST.
By BBN Staff: 𝐁𝐞𝐥𝐢𝐳𝐞 𝐖𝐚𝐭𝐞𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 (𝐁𝐖𝐒) announced on May 28, 2020 that it will be commencing its first Debenture Offering.
The Company recently completed and submitted its fourth Full Five-year Business Plan to the Public Utilities Commission, for the period April 2020 to March 2025.
This plan identified critical investments required for water system improvement and expansion.
BWS says that the company intends to raise $͟𝟓͟𝟎͟ ͟𝐦͟𝐢͟𝐥͟𝐥͟𝐢͟𝐨͟𝐧͟ through its first debenture offering which will be used to refinance an existing debt and to fund the implementation of vital capital projects, which are needed to meet customer demand and ensure climate resiliency.
“BWS has turned a profit each year, over the last sixteen (16) years of operations and its assets have grown to over $230 million. The company is proud to have met all its financial obligations to creditors and other stakeholders including the consistent payment of dividends to shareholders,” a statement from the company expressed.
BWS has engaged PPF Capital Belize Ltd. to provide advisory services and bring the debenture offer to market.
For further information, you can contact:
BWS – [email protected]
PPF Capital – [email protected]
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