XML 93 R25.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Maturities of Long-term Debt [Table Text Block]
The following is a table of the consolidated company’s schedule of principal payments:
Year
 
2020
$
22,343

2021
76,943

2022
39,388

2023
4,583

2024
49,256

Thereafter
1,100,073


Schedule of Long-term Debt Instruments
Long-term debt as of December 31 was as follows:
Description
Rate
 
Maturity
 
2019
 
2018
SJW Group:
 
 
 
 
 
 
 
Senior notes
3.05% - 4.35%
 
2021 - 2039
 
$
560,000

 
50,000

SJWC:
 
 
 
 
 
 
 
Senior notes
4.29% - 9.45%
 
2020 - 2049
 
330,000

 
250,000

California Pollution Control Financing Authority Revenue Bonds
4.75%, 5.10%
 
2040, 2046
 
120,000

 
120,000

Total SJWC
 
 
 
 
450,000

 
370,000

CTWS bank term loans
4.09%, 4.15%
 
2027, 2037
 
23,935

 

Connecticut Water:
 
 
 
 
 
 
 
Connecticut Innovations Revenue Bonds, variable rate
 
 
2028 - 2029
 
22,050

 

Connecticut Innovations Revenue Bonds, fixed rate
5.00%
 
2021
 
22,506

 

Senior note
3.53%
 
2037
 
35,000

 

Bank term loans
3.16% - 4.75%
 
2020 - 2036
 
119,090

 

Total Connecticut Water
 
 
 
 
198,646

 

SJWTX, Inc. senior note
6.27%
 
2036
 
15,000

 
15,000

Maine Water:
 
 
 
 
 
 
 
State revolving fund loans
0.00% - 2.58%
 
2022 - 2048
 
16,032

 

Other First Mortgage Bonds
8.95%
 
2024
 
4,500

 

Bank term loans
4.18% - 5.51%
 
2024 - 2043
 
17,500

 

Total Maine Water
 
 
 
 
38,032

 

HVWC bank term loan
4.75%
 
2034
 
4,164

 

Avon Water mortgage loan
3.05%
 
2033
 
2,809

 

Total debt
 
 
 
 
1,292,586

 
435,000

Unamortized debt premium, net (a)
 
 
 
 
25,020

 

Less:
 
 
 
 
 
 
 
Unamortized debt issuance costs
 
 
 
 
11,737

 
3,576

Current portion
 
 
 
 
22,272

 

Total long-term debt, less current portion
 
 
 
 
$
1,283,597

 
431,424

___________________________________
(a)
Consists of fair value adjustments recognized through purchase accounting for the completed merger with CTWS on October 9, 2019.