SJW Group
08/02/2024 | Press release | Distributed by Public on 08/02/2024 14:04
Material Agreement Form 8 K
Item 1.01 Entry into a Material Definitive Agreement
On August 2, 2024 (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 Second Amendment to Credit Agreement (the "Second Amendment") to the Credit Agreement (as amended, supplemented or otherwise modified from time to time, 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 Second Amendment provides for, among other matters, an extension of the Maturity Date (as defined in the Existing Credit Agreement) from August 2, 2028 to August 2, 2029.
The description above is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 hereto, and is incorporated herein by reference.