California Water Service Group Secures $370 Million in New Financing Through Senior Notes and First Mortgage Bonds to Refinance Debt and Support Corporate Operations
**California Water Service Group Announces $370 Million Debt Financing** California Water Service Group has completed new debt financing arrangements totaling $370 million, according to a recent SEC filing. On October 1, 2025, the company issued $70 million in 4.87% Senior Unsecured Notes, Series A, due in 2032, and $100 million in 5.22% Senior Unsecured Notes, Series B, due in 2035. Both issuances were rated "A" by S&P Global. Simultaneously, its subsidiary California Water Service Company secured $200 million through 5.64% First Mortgage Bonds due in 2055, rated "AA-" by S&P. The net proceeds will be used to refinance existing debt and for general corporate purposes. The new notes and bonds were issued through private placements and are not registered under the Securities Act. Interest for both the notes and bonds will be paid semi-annually, starting April 1, 2026.
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