UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
On August 2, 2023 (the “Closing Date”), SJW Group (the “Company”), San Jose Water Company, a wholly-owned subsidiary of the Company (“SJWC”), SJWTX, Inc., a wholly-owned subsidiary of the Company (“SJWTX”), and Connecticut Water Service, Inc., an indirect wholly-owned subsidiary of the Company (“CTWS”, and together with the Company, SJWC and SJWTX, the “Borrowers”), entered into a First Amendment to Credit Agreement (the “First Amendment”) to the Credit Agreement (the “Existing Credit Agreement”), dated August 2, 2022, among the Borrowers, and JPMorgan Chase Bank, N.A., as Administrative Agent and a syndicate of banks.
The First Amendment provides for, among other matters, an extension of the Maturity Date (as defined in the Existing Credit Agreement) from August 2, 2027 to August 2, 2028.
The description above is only a summary of the material provisions of the First Amendment and is qualified in its entirety by reference to the First Amendment, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number |
Description | |
10.1 | First Amendment to Credit Agreement, dated August 2, 2023, between SJW Group, San Jose Water Company, SJWTX, Inc., Connecticut Water Service, Inc., JPMorgan Chase Bank, N.A., as administrative agent and a lender, and the other lenders party thereto. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SJW Group | ||||||
Date: August 2, 2023 | By: | /s/ Andrew F. Walters | ||||
Andrew F. Walters | ||||||
Chief Financial Officer |