secwatch.observer — SEC 8-K summary
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Issuer:     CALIFORNIA WATER SERVICE GROUP (CWT)
CIK:        0001035201
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001104659-23-041667
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

California Water Service Group enters $600M unsecured revolving credit facility, replacing prior facilities
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/0001104659-23-041667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035201/000110465923041667/tm2311464d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-041667

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