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California Water Service Sells $170 Million of Notes, $200 Million of Mortgage Bonds

BY MT Newswires | CORPORATE | 10/02/25 03:55 AM EDT

03:55 AM EDT, 10/02/2025 (MT Newswires) -- California Water Service (CWT) said late Wednesday it sold $170 million worth of senior unsecured notes and, through a subsidiary, $200 million of first mortgage bonds in private placement deals.

The notes consist of $70 million of series A 4.87% notes due 2032 and $100 million of series B 5.22% notes due 2035, while the bonds consist of $200 million of 5.64% bonds maturing 2055, the company said.

The deals closed on Wednesday, the company said.

California Water plans to use net proceeds from the sales to refinance debt and for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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