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NEWS RELEASE: Cal Water Sells $400 Million of First Mortgage Bonds

California Water Service Group (CWT) 
Last california water service group earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: ir.calwatergroup.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., June 11, 2019 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) announced today that California Water Service Company (Cal Water), a wholly owned subsidiary of California Water Service Group, sold $400,000,000 in aggregate principal amount of First Mortgage Bonds in a private placement. The financing consists of $100,000,000 of 3.40% bonds, series VVV, maturing June 11, 2029; $100,000,000 of 4.07% bonds, series WWW, maturing June 11, 2049; and $200,000,000 of 4.17% bonds, series YYY, maturing June 11, 2059 (the Bonds). The Bonds closed on June 11, 2019. Interest on the Bonds will accrue semi-annually and be payable in arrears. The Bonds will rank equally with all of Cal Water's other First Mortgage Bonds and will be secured by liens on Cal Water's properties, subject to certain exceptions and permitted liens. Show less Read more
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