and Golden State Water Company Announce New Credit Agreements
Summary
5, 2023-- (NYSE:AWR) and its regulated water utility subsidiary, (GSWC), announced that on they had each entered into new credit agreements with a term of five years provided by a syndicate of banks and financial institutions. Both credit facilities may be expanded up to an additional amount of , subject to the lenders approval. The credit facilities will provide the company with flexibility in meeting its day-to-day working capital demands and as additional support for our infrastructure investment programs at both GSWC and ASUS.Certain matters discussed in this news release with regard to the companys expectations may be forward-looking statements that involve risks and uncertainties. The assumptions and risk factors that could cause actual results to differ materially include those described in the companys Form 10-Q and Form 10-K filed with the .is the parent of , and , serving over one million people in nine states. Through its contracted services subsidiary, , the company provides operations, maintenance and construction management services for water distribution, wastewater collection, and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the government.has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year since 1954.