secwatch.observer — SEC 8-K summary
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Issuer:     YORK WATER CO (YORW)
CIK:        0000108985
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001140361-23-008783
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108985/000114036123008783/0001140361-23-008783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108985/000114036123008783/ny20007787x1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008783

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