LONG-TERM DEBT

As of December 31, 2018 and 2017, long-term debt outstanding was:



	Series	Interest Rate		Maturity Date	2018			2017
First Mortgage Bonds	TTT	4.610	%	2056	$	10,000		$	10,000
	SSS	4.410	%	2046	40,000			40,000
	QQQ	3.330	%	2025	50,000			50,000
	RRR	4.310	%	2045	50,000			50,000
	PPP	5.500	%	2040	100,000			100,000
	LL	5.875	%	2019	100,000			100,000
	UUU	3-month LIBOR plus 70 basis points		2020	300,000			—
	AAA	7.280	%	2025	20,000			20,000
	BBB	6.770	%	2028	20,000			20,000
	CCC	8.150	%	2030	20,000			20,000
	DDD	7.130	%	2031	20,000			20,000
	EEE	7.110	%	2032	20,000			20,000
	GGG	5.290	%	2022	7,273			9,091
	HHH	5.290	%	2022	7,273			9,091
	III	5.540	%	2023	4,546			5,454
	JJJ	5.440	%	2018	—			909
	LLL	5.480	%	2018	—			10,000
	OOO	6.020	%	2031	20,000			20,000
	CC	9.860	%	2020	16,800			16,900
Total First Mortgage Bonds					805,892			521,445
California Department of Water Resources Loans		2.6% to 8.0%		2018 - 32	5,830			6,201
Other long-term debt					6,978			7,956
Unamortized debt issuance costs					(3,762		)	(3,889		)
Total long-term debt, net					814,938			531,713
Less current maturities, net					104,911			15,920
Long-term debt excluding current maturities, net					$	710,027		$	515,793

On September 13, 2018, Cal Water sold $300.0 million of floating rate First Mortgage Bonds due in September of 2020 in a private placement. The floating interest rate was set at three-month LIBOR plus 70 basis points, will accrue quarterly, and be payable in arrears. The bonds are redeemable at a premium of 102%, or at par after June 13, 2019. The bonds will also rank equally with all of Cal Water's other First Mortgage Bonds and will be secured by liens on Cal Water's properties, subject to certain exceptions and permitted liens.

In 2018, Cal Water repaid $10.9 million of First Mortgage Bonds JJJ and LLL, which matured in 2018. In 2017, Cal Water repaid $20.0 million of First Mortgage Bond FFF, which matured in 2017.

On October 4, 2011, Cal Water entered into a capital lease arrangement with the City of Hawthorne to operate the City's water system for a 15-year period. The $5.8 million and $6.4 million capital lease liability as of December 31, 2018 and 2017 is included in other long-term debt and current maturities set forth above.