YORK WATER CO (YORW): debt financing — York Water issues $40M of 5.67% Senior Notes due 2054 to refinance short-term debt

YORK WATER CO

$40M aggregate principal amount of 5.67% Senior Notes due February 27, 2054.
Interest payable semi-annually; notes unsecured and rank pari passu with existing unsecured debt.
Net proceeds to refinance short-term debt for capital projects and for general corporate purposes.
Pricing on Feb 1, 2024; funding on Feb 27, 2024; Pennsylvania PUC approved issuance.
Notes callable at make-whole price (U.S. Treasury + 50 bps) prior to Aug 27, 2053; thereafter at par.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

YORK WATER CO incurred senior notes of $40 million aggregate principal amount with certain institutional investors at 5.67% maturing February 27, 2054.

Instrument: senior notes
Principal: $40 million aggregate principal amount
Counterparty: certain institutional investors
Rate: 5.67%
Maturity: February 27, 2054
Event: incurrence

Exact text from the filing

On February 27, 2024, 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 5.67% Senior Notes due February 27, 2054

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

YORK WATER CO filing history →

Source: SEC EDGAR

accession 0001140361-24-009956

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.