debt
confidence high
sentiment neutral
materiality 0.50
Cal Water subsidiary issues $125M 5.22% First Mortgage Bonds due 2054
CALIFORNIA WATER SERVICE GROUP
- Issued $125M aggregate principal of 5.22% First Mortgage Bonds due October 22, 2054 (Series 2).
- Interest payable quarterly at 5.22% per annum; first payment due January 22, 2025.
- Net proceeds used to refinance existing debt and for general corporate purposes per CPUC Section 817.
- Bonds rank equally with all other First Mortgage Bonds and are secured by liens on Cal Water's properties.
- Issued via private placement exempt from SEC registration; not offered publicly.