UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
______________
Form 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report: (Date of earliest event reported): April 11, 2011
GOLDEN
STATE WATER COMPANY
(Exact
name of registrant as specified in its charter)
California |
001-12008 |
95-1243678 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
630
E. Foothill Blvd., |
91773 |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s
telephone number, including area code: (909) 394-3600
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. | Regulation FD Disclosure |
Golden State Water Company announced today that it had issued $62,000,000 in aggregate principal amount of 6% Notes due 2041.
A copy of the Company’s press release is attached hereto as Exhibit 99.1.
This Form 8-K and the attached exhibit are not deemed to be “filed” for the purposes of Section 18 of the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. | Financial Statements and Exhibits. |
Exhibit 99.1 | Press Release: Golden State Water Company Announces the Sale of $62 million of Notes |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GOLDEN STATE WATER COMPANY: |
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Date: April 11, 2011 |
|
/s/ Eva G. Tang |
||
Eva G. Tang |
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Senior Vice President - Finance, Chief Financial Officer and Secretary |
Exhibit 99.1
Golden
State Water Company Announces
Sale
of $62,000,000 of Notes
SAN DIMAS, Calif.--(BUSINESS WIRE)--April 11, 2011--Golden State Water Company (“GSWC”), a subsidiary of American States Water Company (NYSE: AWR), today announced that it sold $62,000,000 in aggregate principal amount of its 6% Notes due 2041.
The Notes will mature on April 15, 2041. Interest on the Notes will accrue and be payable semi-annually in arrears on April 15 and October 15, at the rate of 6% per annum. The Notes will be unsecured and unsubordinated and will rank equally with all of GSWC’s unsecured and unsubordinated debt. The offering is expected to close on April 14, 2011.
GSWC plans to use a portion of the net proceeds of the offering to redeem $22,000,000 in aggregate principal amount of its 7.65% Medium-Term Notes, Series B. The remainder of the net proceeds will be used to pay down short-term borrowings and to fund capital expenditures.
Wells Fargo Securities, LLC is acting as sole book-runner for the offering. SL Hare Capital, Inc. is acting as co-manager of the offering.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the Notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Copies of the Prospectus Supplement and accompanying Prospectus relating to the offering may be obtained from Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, by calling toll-free at 1-800-326-5897 or emailing cmClientsupport@wachovia.com.
This press release contains forward-looking statements of future expectations. Actual results might differ materially from those projected because of factors such as those identified in reports GSWC has filed with the Securities and Exchange Commission.
Golden State Water Company provides water service to approximately 1 out of 36 Californians located within 75 communities throughout 10 counties in Northern, Coastal and Southern California (approximately 256,000 customers). The Company also distributes electricity to over 23,000 customers in the Big Bear recreational area of California.
CONTACT:
Golden State Water Company
Eva G. Tang
Senior Vice
President - Finance, Chief Financial Officer
and Secretary
Telephone:
(909) 394-3600, ext. 707