SJW Group enters into $300M credit agreement with JPMorgan, Wells Fargo, replacing prior facilities

H2O AMERICA

New $300M credit agreement with JPMorgan Chase and Wells Fargo; matures August 2, 2027.
Borrowers: SJW Group, San Jose Water, SJWTX, Connecticut Water; sublimits total $300M.
Proceeds to refinance existing debt, fund working capital, and general corporate purposes.
Terminated existing $140M and $5M credit agreements; CTWS facility reduced from $75M to $10M.
Financial covenant requires each borrower maintain funded debt to capitalization ratio at or below 70%.

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