On November 29, 2012, financial closing was achieved on a 30 year concession relating to the water and wastewater facilities of the City of Rialto, California. The agreement, which had been executed in March 2012, is among Rialto Water Services, LLC, the single purpose vehicle set up by Table Rock Capital as the project sponsor, the City of Rialto and the Rialto Utility Authority.
The approximately $175 million transaction is being bond financed through a private placement and an approximately $26 million equity contribution. The concession agreement provides for approximately ...
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