American States Water subsidiary calls $15 million of two note series

By Toni Weeks

San Luis Obispo, Calif., June 12 – American States Water Co. announced that its subsidiary, Golden State Water Co., will redeem its $5 million of 6.87% series A medium-term notes due 2023 and $10 million of series A 7% medium-term notes due 2023.

The notes will be redeemed on July 15 at par plus accrued interest to the redemption date.

According to a press release, the company is planning to replace the $15 million of debt with lower interest-rate debt.

American States is a water utility based in San Dimas, Calif.

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