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California Water redeems $300 million series UUU first mortgage bonds
By Angela McDaniels
Tacoma, Wash., June 18 – California Water Service Co., a subsidiary of California Water Service Group, redeemed $300 million principal amount of its series UUU floating-rate first mortgage bonds due Sept. 13, 2020 on June 13, according to an 8-K filing with the Securities and Exchange Commission.
The series UUU bonds were redeemed at a redemption price equal to 100% of par plus accrued interest to the date of redemption.
The company paid for the redemption with proceeds of $400 million of first mortgage bonds sold in a private placement.
California Water Service is a water utility based in San Jose, Calif.
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