other material
confidence high
sentiment neutral
materiality 0.70
California Water Service Group files $350M ATM equity distribution agreement
CALIFORNIA WATER SERVICE GROUP
- Company may sell up to $350M of common stock through agents Baird, BofA, Morgan Stanley, Wells Fargo, Janney, RBC, Blaylock Van, and Ramirez.
- Shares sold via ordinary brokers' transactions on NYSE or at negotiated prices; commission rate 1.0% of gross sales price.
- Company may also enter forward sale agreements with forward purchasers; net proceeds for general corporate purposes.
- Prospectus supplement filed May 14, 2025; shelf registration on Form S-3 (333-287273) is effective.
- Managers and affiliates have provided various financial services to the company in ordinary course.