California Water Service Group Completes $370 Million Debt Financing Through Private Placement
Deep News
Oct 02, 2025
California Water Service Group (CWT) shares declined 1% during Thursday's early trading session following the company's completion of a $370 million debt financing through private placement.
The financing structure comprised $170 million in senior unsecured notes and $200 million in first mortgage bonds. The proceeds from this capital raising will be allocated toward refinancing existing debt obligations and general corporate purposes, providing essential capital support for the company and its subsidiaries.
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