secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN STATES WATER CO (AWR)
CIK:        0001056903
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001056903-25-000014
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056903/000105690325000014/0001056903-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92116/000105690325000014/awr-20250529.htm
  HTML page:      https://secwatch.observer/filing/0001056903-25-000014

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