California Water Service Group Expands Its Lines of Credit to $400M

California Water Service Group CWT today announced that it has expanded the unsecured revolving credit facilities available to the Group and its subsidiaries to $400 million and extended the term for five years. $300 million of the expanded credit facilities is available to California Water Service Company, a wholly owned subsidiary of the Group, and $100 million is available to the Group and the subsidiaries other than Cal Water. In addition, the credit facility available to Cal Water may be expanded by up to an incremental $50 million, subject to certain conditions. The proceeds from the credit facilities may be used for working capital purposes, including the short-term financing of capital projects.