Baird served as the lead book-runner on this offering
AboutCalifornia 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:
- March 2013
- California Water Service Group
- Target Location
- North America