American States Water lifts credit agreement to $280 million

By Marisa Wong

Los Angeles, April 26 – American States Water Co. executed a 12th amendment on April 22 to its amended and restated credit agreement dated June 3, 2005 to increase the aggregate commitment by an additional $80 million, according to an 8-K filing with the Securities and Exchange Commission.

American States increased the aggregate commitment to $280 million through the expiration of the credit agreement on May 23, 2023.

The amendment also replaced Libor with SOFR as the benchmark interest rate.

Wells Fargo Bank, NA is administrative agent and lender.

American States Water is a San Dimas, Calif.-based holding company for regulated utilities providing water, wastewater and energy services.

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