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Capitalization
9 Months Ended
Sep. 30, 2014
Capitalization [Abstract]  
Capitalization

Note 5 – Capitalization 

 

In September 2014, one of the Company’s operating subsidiaries, Aqua Pennsylvania, Inc., entered into a $50,000 three year unsecured loan at an interest rate of 1.92%.  The proceeds from this loan were used to repay existing indebtedness and for general working capital purposes including financing acquisitions.

 

In August 2014, the Company increased its five-year $150,000 unsecured revolving credit facility to $200,000.  The funds borrowed under this facility are used to provide working capital as well as support for letters of credit for insurance policies and other financing agreements.      

 

In accordance with a resolution approved in October 2013 by the Board of Directors of the Company, in the third quarter of 2014, the Company repurchased 490,000 shares of its common stock in the open market for $11,624.