California Water Service Group Prices $125 Million of Senior Unsecured Notes and California Water Service Company Prices $150 Million of First Mortgage Bonds
California Water Service Group priced $125 million of senior unsecured notes while subsidiary Cal Water priced $150 million of first mortgage bonds in private placements. The $275 million of combined debt carries coupons of 6.08% to 6.54% with maturities from 2031 to 2056, and is expected to close on or before December 31, 2026.
Key figures
- Expected close
- on or before December 31, 2026
- Bonds principal
- $150 million first mortgage bonds (Cal Water): $50M at 6.49% due 2046, $100M at 6.54% due 2056
- Notes principal
- $125 million senior unsecured notes (Group): $75M at 6.08% due 2031, $50M at 6.41% due 2036
AI analysis
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