debt
confidence high
sentiment neutral
materiality 0.40
SJW Group extends credit facility maturity by one year to August 2029
H2O AMERICA
- Second Amendment extends Maturity Date of existing credit facility from Aug 2, 2028 to Aug 2, 2029.
- Borrowers include SJW Group, San Jose Water, SJWTX, and Connecticut Water Service.
- Lenders include JPMorgan Chase, Wells Fargo, Citizens, Bank of America, RBC, and US Bank.
- Amendment also permits up to two further one-year extensions with lender consent.
- Other modifications include updated reporting deadlines and definition of Second Amendment Effective Date.