California Water Service Group Files 8-K for New Financial Obligation
Ticker: CWT · Form: 8-K · Filed: Oct 3, 2025 · CIK: 1035201
| Field | Detail |
|---|---|
| Company | California Water Service Group (CWT) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $70 million, $100 million, $200 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
CWS just took on new debt, filing an 8-K today.
AI Summary
On October 1, 2025, California Water Service Group filed an 8-K report detailing a new direct financial obligation. The filing indicates the company entered into a new debt arrangement, the specifics of which are detailed within the report.
Why It Matters
This filing signals a new debt arrangement for California Water Service Group, which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — New debt can increase financial risk for a company, depending on the terms and the company's overall financial health.
Key Players & Entities
- California Water Service Group (company) — Registrant
- October 1, 2025 (date) — Date of earliest event reported
- 1720 North First Street San Jose, California 95112 (address) — Principal executive offices
- 408-367-8200 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the new direct financial obligation?
The filing indicates the creation of a direct financial obligation but does not specify the exact nature or terms within the provided text. Further details would be in the full report.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 1, 2025.
What is the principal business address of California Water Service Group?
The principal executive offices are located at 1720 North First Street, San Jose, California 95112.
What is the company's telephone number?
The registrant's telephone number is (408) 367-8200.
What is the SIC code for California Water Service Group?
The Standard Industrial Classification (SIC) code for California Water Service Group is 4941, which corresponds to Water Supply.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2025-10-03 15:48:29
Key Financial Figures
- $0.01 — h registered Common Shares, par value $0.01 CWT New York Stock Exchange Indic
- $70 million — completed the sale and issuance of (i) $70 million principal amount of its 4.87% Senior Un
- $100 million — 1, 2032 (the "Series A Notes") and (ii) $100 million principal amount of its 5.22% Senior Un
- $200 million — oup, completed the sale and issuance of $200 million principal amount of its 5.64% First Mor
Filing Documents
- tm2527762d1_8k.htm (8-K) — 28KB
- tm2527762d1_ex10-1.htm (EX-10.1) — 456KB
- tm2527762d1_ex10-2.htm (EX-10.2) — 902KB
- 0001104659-25-096613.txt ( ) — 1685KB
- cwt-20251001.xsd (EX-101.SCH) — 3KB
- cwt-20251001_lab.xml (EX-101.LAB) — 33KB
- cwt-20251001_pre.xml (EX-101.PRE) — 22KB
- tm2527762d1_8k_htm.xml (XML) — 3KB
03. Creation of a Direct Financial Obligation or an Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On October 1, 2025, California Water Service Group ("Group") completed the sale and issuance of (i) $70 million principal amount of its 4.87% Senior Unsecured Notes, Series A, due October 1, 2032 (the "Series A Notes") and (ii) $100 million principal amount of its 5.22% Senior Unsecured Notes, Series B, due October 1, 2035 (the "Series B Notes" and together with the Series A Notes, the "Notes"), pursuant to a Note Purchase Agreement, dated October 1, 2025 (the "Note Purchase Agreement"), and California Water Service Company ("Cal Water"), a wholly owned subsidiary of Group, completed the sale and issuance of $200 million principal amount of its 5.64% First Mortgage Bonds due October 1, 2055, Series 3 (the "Bonds") pursuant to a Bond Purchase Agreement, dated October 1, 2025. Interest on the Notes will accrue semi-annually and be payable in arrears on April 1 and October 1 of each year, commencing on April 1, 2026. The Notes rank equally with Group's indebtedness under its Credit Agreement, dated as of March 31, 2023, with Bank of America, N.A. and the other parties thereto. Interest on the Bonds will accrue semi-annually and be payable in arrears on April 1 and October 1 of each year, commencing on April 1, 2026. The Bonds rank equally with all of Cal Water's other First Mortgage Bonds and are secured by liens on its properties, subject to certain exceptions and permitted liens. The Notes received an "A" rating from S&P Global ("S&P") in advance of the sale. The Bonds have an S&P rating of "AA-." Group plans to use the net proceeds from the sale of the Notes to refinance existing indebtedness and for general corporate purposes. Cal Water plans to use the net proceeds from the sale of the Bonds to refinance existing indebtedness and for general corporate purposes, as set forth in California Public Utilities Code Section 817. The Notes an
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Note Purchase Agreement, dated as of October 1, 2025, by and among California Water Service Group and the several Purchasers named therein. 10.2 Sixty-Fifth Supplemental Indenture, dated as of October 1, 2025, between California Water Service Company and U.S. Bank Trust Company, National Association, as trustee, covering 5.64% First Mortgage Bonds due 2055, Series 3. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CALIFORNIA WATER SERVICE GROUP Date: October 3, 2025 By: /s/ James P. Lynch Name: James P. Lynch Title: Senior Vice President, Chief Financial Officer and Treasurer