GSWC issues $100M notes and receives $50M equity from parent AWR to reduce debt

AMERICAN STATES WATER CO

GSWC issued 3.65 common shares to parent AWR in exchange for $50M contribution used to pay down credit borrowings.
GSWC executed $100M unsecured private placement: $75M Series A at 5.30% due 2032; $25M Series B at 5.65% due 2037.
Proceeds from both transactions used to reduce outstanding borrowings under GSWC's credit agreement.
Notes have make-whole redemption at 50 bps above Treasury; covenants restrict additional debt and distributions to AWR.

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