American States Water extends $100 million revolver to 2018, cuts rate

By Susanna Moon

Chicago, May 28 - American States Water Co. reduced pricing on its $100 million revolving credit facility and extended the maturity until May 23, 2018, according to an 8-K filing with the Securities and Exchange Commission.

Interest on the loans will be Libor plus 50 basis points to 100 bps. The commitment fee ranges from 7.5 bps to 17.5 bps.

The company amended its credit agreement Thursday with Wells Fargo Bank, NA as administrative agent.

The amendment also changes the amount of the commitments of each of the lenders so that Wells Fargo Bank becomes the only lender, the filing noted.

The company may choose to increase the total commitments by up to an additional $50 million.

The credit agreement was dated June 3, 2005.

American States Water is a San Dimas, Calif.-based holding company for regulated utilities providing water, wastewater and energy services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.