California Water Service Group Prices $125 Million of Senior Unsecured Notes and California Water Service Company Prices $150 Million of First Mortgage Bonds
Key Highlights
- ➤Group priced $125 million of senior unsecured notes in private placements.
- ➤Cal Water priced $150 million of first mortgage bonds in private placements.
- ➤Notes carry 6.08%-6.41% coupons and mature in 2031 and 2036.
- ➤Bonds carry 6.49%-6.54% coupons and mature in 2046 and 2056.
- ➤Both issuers plan to refinance existing debt and fund general corporate purposes.
SAN JOSE, Calif., Oct. 15, 2026 (GLOBE NEWSWIRE) -- California Water Service Group (Group, NYSE: CWT) today announced the pricing of $125,000,000 in aggregate principal amount of Senior Unsecured Notes (the Notes) by Group and $150,000,000 in aggregate principal amount of First Mortgage Bonds (the Bonds) by California Water Service Company (Cal Water), a wholly owned subsidiary of Group, in private placement transactions. The transactions are expected to close on or before December 31, 2026, subject to the satisfaction of customary closing conditions.
The Notes consist of $75,000,000 of 6.08% senior unsecured notes, Series C, due December 15, 2031, and $50,000,000 of 6.41% senior unsecured notes, Series D, due December 15, 2036. The Bonds consist of $50,000,000 of 6.49% bonds, Series 4, maturing December 15, 2046, and $100,000,000 of 6.54% bonds, Series 5, maturing December 15, 2056.
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