2023-07-05 09:45:05 ET
-
American States Water ( NYSE: AWR ) said Wednesday that the company and its unit, Golden State Water, had each entered into new credit agreements.
-
The company's new credit agreement provides for a $150 million unsecured revolving credit facility.
-
The unit entered into a separate $200 million unsecured revolving credit facility.
-
Both credit facilities may be expanded up to an additional $75 million.
-
The new credit agreements have a term of five years and are provided by a syndicate of banks and financial institutions.
-
The new credit facilities replace the company's previous credit agreement with a sole bank dated June 3, 2005, as amended and restated.
For further details see:
American States Water, unit enters new credit agreements