AMERICAN STATES WATER CO (AWR): debt financing — Golden State Water issues $130M of unsecured private placement notes at 5.12%-5.22%

AMERICAN STATES WATER CO

Series A $100M at 5.12% due Jan 31, 2033; Series B $30M at 5.22% due Jan 31, 2038.
Proceeds to pay down short-term borrowings and fund operations and capital expenditures.
Notes are unsecured, rank equally with unsubordinated debt; make-whole redemption with 50 bps premium.
Covenants limit total indebtedness/capitalization ratio to 0.6667:1, debt/EBITDA to 8:1.
GSWC is a wholly owned subsidiary of American States Water Company (NYSE: AWR).

item 2.03

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

AMERICAN STATES WATER CO incurred senior notes of $100,000,000 at 5.12% maturing January 31, 2033.

Instrument: senior notes
Principal: $100,000,000
Rate: 5.12%
Maturity: January 31, 2033
Event: incurrence

Exact text from the filing

$100,000,000 aggregate principal amount of Series A Senior Notes at a coupon rate of 5.12% due January 31, 2033

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

AMERICAN STATES WATER CO incurred senior notes of $30,000,000 at 5.22% maturing January 31, 2038.

Instrument: senior notes
Principal: $30,000,000
Rate: 5.22%
Maturity: January 31, 2038
Event: incurrence

Exact text from the filing

$30,000,000 aggregate principal amount of Series B Senior Notes at a coupon rate of 5.22% due January 31, 2038

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Source: SEC EDGAR

accession 0001628280-22-032185

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