---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-024157"
form_type: "8-K"
ticker: "AWR"
cik: "0001056903"
company_name: "AMERICAN STATES WATER CO"
filed_at: "2023-07-05T23:59:59+00:00"
generated_at: "2026-06-13T12:28:10.683584+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# AWR and Golden State Water enter new $150M/$200M credit facilities, replacing 2005 agreement

## Summary
- AWR gets $150M unsecured revolving credit facility, expandable by $75M, and GSWC gets a separate $200M facility, also expandable by $75M.
- Both facilities have a five-year term and are syndicated among multiple banks led by Wells Fargo and Bank of China.
- Covenants include a total capitalization ratio not exceeding 0.65 to 1.00 for AWR (excluding electric subsidiary) and GSWC.
- CEO Sprowls says facilities support day-to-day working capital and infrastructure investment programs.

## SEC filing metadata
- accession: 0001628280-23-024157
- form_type: 8-K
- ticker: AWR
- cik: 0001056903
- company_name: AMERICAN STATES WATER CO
- filed_at: 2023-07-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056903/000162828023024157/0001628280-23-024157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92116/000162828023024157/awr-20230628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-024157
- JSON: https://secwatch.observer/filing/0001628280-23-024157.json
- Plain text: https://secwatch.observer/filing/0001628280-23-024157.txt

## Key facts
- Debt Financings
  AMERICAN STATES WATER CO incurred revolving credit of $150 million maturing five years.
  - Instrument: revolving credit
  - Principal: $150 million
  - Maturity: five years
  - Event: incurrence
  source text: AWR’s credit agreement provides for a $150 million unsecured revolving credit facility to support AWR parent and its contracted services subsidiary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056903/000162828023024157/0001628280-23-024157-index.htm
- Debt Financings
  AMERICAN STATES WATER CO incurred revolving credit of $200 million maturing five years.
  - Instrument: revolving credit
  - Principal: $200 million
  - Maturity: five years
  - Event: incurrence
  source text: GSWC’s separate credit agreement provides for a $200 million unsecured revolving credit facility to support its operations and capital expenditures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056903/000162828023024157/0001628280-23-024157-index.htm
- Material Agreements
  AMERICAN STATES WATER CO entered into AWR Credit Agreement with syndicate of banks and financial institutions valued at $150 million unsecured revolving credit facility (effective 2023-06-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: syndicate of banks and financial institutions
  - Value: $150 million unsecured revolving credit facility
  - Effective: 2023-06-28
  source text: On June 28, 2023, American States Water Company (NYSE:AWR) and its regulated water utility subsidiary, Golden State Water Company (“GSWC”), each entered into new credit agreements
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056903/000162828023024157/0001628280-23-024157-index.htm
- Material Agreements
  AMERICAN STATES WATER CO entered into GSWC Credit Agreement with syndicate of banks and financial institutions valued at $200 million unsecured revolving credit facility (effective 2023-06-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: syndicate of banks and financial institutions
  - Value: $200 million unsecured revolving credit facility
  - Effective: 2023-06-28
  source text: GSWC Credit Agreement: GSWC’s separate credit agreement provides for a $200 million unsecured revolving credit facility to support its operations and capital expenditures.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056903/000162828023024157/0001628280-23-024157-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.