 LOS ANGELES, July 7, 2021 PRNewswire -- Today, Cadiz Inc. the Company, NASDAQ: CDZI is pleased to announce the closing of a new, long-term 50 million, 7 senior secured credit facility agented by B Riley Securities, Inc. the BRS Credit Facility, successfully completing a 107.5 million financing package that has enabled the Company to reduce its total outstanding debt, lengthen debt maturity and provide capital resources for continued asset development activities. The net proceeds from the BRS Credit Facility, combined with the net proceeds from its recently closed underwritten registered public offering of 57.5 million of 8.875 Series A Cumulative Perpetual Preferred Stock the Series A Preferred Stock, represented by depositary shares which are expected to be begin trading on NASDAQ under the symbol CDZIP within 30 days, were utilized to repay in full the Companys senior secured term loan with Apollo Special Situations Fund, LPthe Existing Credit Agreement, fund a segregated dividend account and provide working capital. 