Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as the lead book-runner on this offering

About

California Water Service Group (“Cal Water”) (NYSE: CWT), recently completed a follow-on offering of 5,750,000 common shares at a price of $19.25 per share, generating gross proceeds of approximately $111 million. Cal Water intends to use the net proceeds from the offering to fund capital expenditures, repay short-term debt and for other general corporate purposes.

Cal Water is a regulated water utility, which provides water and wastewater services to residential and commercial customers through six operating subsidiaries. Formed in 1926, Cal Water is the largest investor-owned American water utility west of the Mississippi River and the third largest in the United States. Cal Water is headquartered in San Jose, California.

For additional information about this transaction, please contact:

John Lanza (414) 298-7669
Dick Waid (404) 264-2210
Peter Kies (414) 765-7262
Brian Cole (414) 298-1702
Energy
Follow-On Offering
Date
March 2013
Company
California Water Service Group
Transaction
M&A
Sectors
Energy
Target Location
North America

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