American States Water Co. Secures $150M Credit Facility
Ticker: AWR · Form: 8-K · Filed: Jun 3, 2025 · CIK: 1056903
Sentiment: neutral
Topics: financing, credit-facility, debt
Related Tickers: AWR
TL;DR
AWR just inked a $150M credit line to fuel operations and growth. Good for liquidity.
AI Summary
American States Water Co. (AWR) announced on May 29, 2025, that its subsidiary, Golden State Water Company, entered into a credit agreement for a $150 million revolving credit facility. This facility matures on May 29, 2030, and provides financial flexibility for the company's operations and potential growth initiatives.
Why It Matters
This new credit facility provides American States Water Co. with significant financial flexibility, ensuring access to capital for operational needs and strategic investments in its water utility business.
Risk Assessment
Risk Level: low — The filing details a standard credit facility, which is a common and generally low-risk financial instrument for established companies.
Key Numbers
- $150M — Revolving Credit Facility (Amount of new financing secured by Golden State Water Company.)
- 5 years — Credit Facility Term (Duration of the credit facility from May 29, 2025, to May 29, 2030.)
Key Players & Entities
- American States Water Co. (company) — Filer of the 8-K report.
- Golden State Water Company (company) — Subsidiary that entered into the credit agreement.
- $150 million (dollar_amount) — Principal amount of the revolving credit facility.
- May 29, 2025 (date) — Date the credit agreement was entered into.
- May 29, 2030 (date) — Maturity date of the revolving credit facility.
FAQ
What is the purpose of the $150 million revolving credit facility?
The filing indicates the credit facility provides financial flexibility for the company's operations and potential growth initiatives.
Who is the borrower under the new credit agreement?
The credit agreement was entered into by Golden State Water Company, a subsidiary of American States Water Co.
When does the new credit facility mature?
The revolving credit facility matures on May 29, 2030.
What is the total amount of the credit facility?
The total amount of the revolving credit facility is $150 million.
What is the filing date of this 8-K report?
The 8-K report was filed on June 3, 2025, reporting events as of May 29, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 3, 2025 regarding AMERICAN STATES WATER CO (AWR).