---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-008783"
form_type: "8-K"
ticker: "YORW"
cik: "0000108985"
company_name: "YORK WATER CO"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:13:19.326941+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# York Water issues $40M 5.50% Senior Notes due 2053 to refinance short-term debt and fund capital projects

## Summary
- $40M aggregate principal, 5.50% interest, due February 24, 2053; interest payable semi-annually.
- Net proceeds refinance $7.5M of 8.43% Series D Senior Notes retired Dec 2022, plus capital projects and general corporate purposes.
- Notes are unsecured, rank pari passu with existing and future unsecured unsubordinated debt.
- Covenants: priority debt ≤10% of plant account; funded debt ≤60% of plant account; dividends/stock purchases limited.
- Callable at any time with make-whole premium; after Aug 24, 2052 at par; change-in-control put at par.

## SEC filing metadata
- accession: 0001140361-23-008783
- form_type: 8-K
- ticker: YORW
- cik: 0000108985
- company_name: YORK WATER CO
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108985/000114036123008783/0001140361-23-008783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108985/000114036123008783/ny20007787x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-008783
- JSON: https://secwatch.observer/filing/0001140361-23-008783.json
- Plain text: https://secwatch.observer/filing/0001140361-23-008783.txt

## Key facts
- Debt Financings
  YORK WATER CO incurred senior notes of $40 million aggregate principal amount with certain institutional investors at 5.50% maturing February 24, 2053.
  - Instrument: senior notes
  - Principal: $40 million aggregate principal amount
  - Counterparty: certain institutional investors
  - Rate: 5.50%
  - Maturity: February 24, 2053
  - Event: incurrence
  source text: On February 24, 2023, The York Water Company (the "Company") entered into a Note Purchase Agreement (the "Note Purchase Agreement") with certain institutional investors (the "Note Purchasers") relating to the private placement of $40 million aggregate principal amount of the Company’s 5.50% Senior Notes due February 24, 2053 (the "Notes").
  evidence_url: https://www.sec.gov/Archives/edgar/data/108985/000114036123008783/0001140361-23-008783-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.