Pure Cycle Corporation Announces Receipt of $23.6 Million From Second Sky Ranch Community Authority Board Bond Offering

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Aug 24, 2022

DENVER, CO / ACCESSWIRE / August 24, 2022 / Pure Cycle Corporation (NASDAQ:PCYO) (Pure Cycle) today reported the Sky Ranch Community Authority Board (Sky Ranch CAB) successfully closed its second municipal bond financing totaling $29.7 million, which netted the Sky Ranch CAB $23.6 million after fees, capitalized interest, and expenses. After the closing, the Sky Ranch CAB repaid Pure Cycle $23.6 million in public improvement reimbursables and associated interest.