secwatch.observer — SEC 8-K summary
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Issuer:     H2O AMERICA (HTO)
CIK:        0000766829
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001193125-22-213665
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/766829/000119312522213665/0001193125-22-213665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/766829/000119312522213665/d261758d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-213665

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