{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-041667","form_type":"8-K","ticker":"CWT","cik":"0001035201","company_name":"CALIFORNIA WATER SERVICE GROUP","filed_at":"2023-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.698213+00:00","generated_at":"2026-06-17T05:38:59.994345+00:00","sec_items":["1.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"California Water Service Group enters $600M unsecured revolving credit facility, replacing prior facilities","bullets":["$400M facility for Cal Water subsidiary, $200M for Group; both unsecured, 5-year term expiring March 31, 2028.","Facilities may be expanded by up to $150M (Cal Water) and $50M (Group) subject to conditions.","Interest rates: base rate + 0.00%-0.250% or Term SOFR + 0.800%-1.250%, based on consolidated total capitalization ratio.","Proceeds for working capital and short-term financing of capital investments; replaces prior 2019 credit facilities.","BofA Securities acted as sole lead arranger; Bank of America, N.A. as administrative agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-041667","json":"https://secwatch.observer/filing/0001104659-23-041667.json","markdown":"https://secwatch.observer/filing/0001104659-23-041667.md","text":"https://secwatch.observer/filing/0001104659-23-041667.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/tm2311464d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T05:38:59.994345+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7fb93b6b259acb2629d48ac1764d6c376a3a20f4","claim":"CALIFORNIA WATER SERVICE GROUP incurred revolving credit of $200.0 million unsecured revolving credit facility with Bank of America, N.A. at Term SOFR, plus an applicable margin of 0.800% to 1.250% maturing March 31, 2028.","evidence_excerpt":"The Holdco Credit Agreement provides for a $200.0 million unsecured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$200.0 million unsecured revolving credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR, plus an applicable margin of 0.800% to 1.250%"},{"label":"Maturity","value":"March 31, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"86a0eb14b2d8959085d634f7245160dc93557be6","claim":"CALIFORNIA WATER SERVICE GROUP incurred revolving credit of $400.0 million unsecured revolving credit facility with Bank of America, N.A. at Term SOFR, plus an applicable margin of 0.800% to 1.250% maturing March 31, 2028.","evidence_excerpt":"The Opco Credit Agreement provides for a $400.0 million unsecured revolving credit facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$400.0 million unsecured revolving credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR, plus an applicable margin of 0.800% to 1.250%"},{"label":"Maturity","value":"March 31, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"8006ec5bcefc3bc97b731d9364528e41c8ad9645","claim":"CALIFORNIA WATER SERVICE GROUP entered into Opco Credit Agreement with Bank of America, N.A. (as administrative agent on behalf of a syndicate of banks) valued at $400,000,000 unsecured revolving credit facility, expandable by $150,000,000 (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023 (the \"Effective Date\"), California Water Service Group, a Delaware corporation (the \"Registrant\"), and California Water Service Company, a California corporation and a wholly-owned subsidiary of the Registrant (\"Cal Water\"), entered into the Credit Agreements (as defined below), which provide for unsecured revolving credit facilities of up to an initial aggregate amount of $600 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A. (as administrative agent on behalf of a syndicate of banks)"},{"label":"Value","value":"$400,000,000 unsecured revolving credit facility, expandable by $150,000,000"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"},{"claim_id":"c0ec140018ad90904b74490863d80434f6f7cd09","claim":"CALIFORNIA WATER SERVICE GROUP terminated Prior Credit Facilities with Not specified valued at Replaced the existing credit facilities originally entered into on March 29, 2019 (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023 (the \"Effective Date\"), California Water Service Group, a Delaware corporation (the \"Registrant\"), and California Water Service Company, a California corporation and a wholly-owned subsidiary of the Registrant (\"Cal Water\"), entered into the Credit Agreements (as defined below), which provide for unsecured revolving credit facilities of up to an initial aggregate amount of $600 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm","confidence":0.85,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Not specified"},{"label":"Value","value":"Replaced the existing credit facilities originally entered into on March 29, 2019"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"},{"claim_id":"eac71d6d1eac8a35979f4b3f98344698d7cf7cd5","claim":"CALIFORNIA WATER SERVICE GROUP entered into Holdco Credit Agreement with Bank of America, N.A. (as administrative agent on behalf of a syndicate of banks) valued at $200,000,000 unsecured revolving credit facility, expandable by $50,000,000 (effective 2023-03-31).","evidence_excerpt":"On March 31, 2023 (the \"Effective Date\"), California Water Service Group, a Delaware corporation (the \"Registrant\"), and California Water Service Company, a California corporation and a wholly-owned subsidiary of the Registrant (\"Cal Water\"), entered into the Credit Agreements (as defined below), which provide for unsecured revolving credit facilities of up to an initial aggregate amount of $600 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A. (as administrative agent on behalf of a syndicate of banks)"},{"label":"Value","value":"$200,000,000 unsecured revolving credit facility, expandable by $50,000,000"},{"label":"Effective","value":"2023-03-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}