SJW Group Files Material Definitive Agreement

TL;DR

SJW Group signed a big deal, details TBD.

AI Summary

On August 2, 2024, SJW Group entered into a Material Definitive Agreement. The filing does not provide specific details about the agreement or any associated dollar amounts, but it indicates a significant event for the company.

Why It Matters

This filing signals a potentially significant business development for SJW Group, which could impact its operations, financial standing, or strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.

Key Players & Entities

• SJW Group (company) — Registrant
• August 2, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share SJW New York Stock Exchange L

Filing Documents

• sjw-20240802.htm (8-K) — 27KB
• exhibit101secondamendmentt.htm (EX-10.1) — 84KB
• 0000766829-24-000084.txt ( ) — 248KB
• sjw-20240802.xsd (EX-101.SCH) — 2KB
• sjw-20240802_lab.xml (EX-101.LAB) — 22KB
• sjw-20240802_pre.xml (EX-101.PRE) — 13KB
• sjw-20240802_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On August 2, 2024 (the "Closing Date"), SJW Group (the "Company"), San Jose Water Company, a wholly-owned subsidiary of the Company ("SJWC"), SJWTX, Inc., a wholly-owned subsidiary of the Company ("SJWTX"), and Connecticut Water Service, Inc., an indirect wholly-owned subsidiary of the Company ("CTWS", and together with the Company, SJWC and SJWTX, the "Borrowers"), entered into a Second Amendment to Credit Agreement (the " Second Amendment ") to the Credit Agreement (as amended, supplemented or otherwise modified from time to time, the " Existing Credit Agreement "), dated August 2, 2022, among the Borrowers, and JPMorgan Chase Bank, N.A., as Administrative Agent and a syndicate of banks. The Second Amendment provides for, among other matters, an extension of the Maturity Date (as defined in the Existing Credit Agreement) from August 2, 2028 to August 2, 2029. The description above is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description of Documents 10.1 Second Amendment to Credit Agreement, dated August 2, 2024, between SJW Group, San Jose Water Company, SJWTX, Inc., Connecticut Water Service, Inc., JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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 thereunto duly authorized. SJW GROUP Date: August 2, 2024 /s/ Andrew F. Walters Andrew F. Walters Chief Financial Officer, Treasurer, and Interim Principal Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR