-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RGpb3CRoYonSGHP2EbSX2O08aJArx63n8KIUkPxcQEYE3a+9zfXnrVV3Sj3+VLuJ dF0ud7wRrVD4ufZqVxp3hg== 0001104659-04-031681.txt : 20041025 0001104659-04-031681.hdr.sgml : 20041025 20041025155019 ACCESSION NUMBER: 0001104659-04-031681 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20041019 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20041025 DATE AS OF CHANGE: 20041025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST WATER CO CENTRAL INDEX KEY: 0000092472 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 951840947 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-08176 FILM NUMBER: 041094046 BUSINESS ADDRESS: STREET 1: 225 N BARRANCA AVE STREET 2: STE 200 CITY: WEST COVINA STATE: CA ZIP: 91791-1605 BUSINESS PHONE: 6269151551 MAIL ADDRESS: STREET 1: 225 N BARRANCA AVENUE STREET 2: SUITE 200 CITY: WEST COVINA STATE: CA ZIP: 91791-1605 FORMER COMPANY: FORMER CONFORMED NAME: SUBURBAN WATER SYSTEMS DATE OF NAME CHANGE: 19751202 8-K 1 a04-12017_18k.htm 8-K

 

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:  October 19, 2004

(Date of earliest event reported)

 

SOUTHWEST WATER COMPANY

(Exact name of registrant as specified in its charter)

 

Delaware

0-8176

95-1840947

(State of
Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

One Wilshire Building
624 South Grand Avenue, Suite 2900
Los Angeles, California 90017-3782
(Address of principal executive offices, including zip code)

 

(213) 929-1800
(Registrant’s telephone number, including area code)

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

Item 1.01                               Entry into a Material Definitive Agreement

 

The information included in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.

 

Item 2.03                             Creation of a Direct Financial Obligation

 

On October 20, 2004, Suburban Water Systems (the “Company”), a wholly-owned subsidiary of Southwest Water Company (“Southwest”), closed the private placement of $15,000,000 in aggregate principal amount of its 5.64% Series D First Mortgage Bonds due 2024 (the “Bonds”).  The Bonds were sold pursuant to an Indenture of Mortgage and Deed of Trust, dated October 1, 1986, between the Company and U.S. Bank National Association (the “Trustee”), as amended and supplemented (the “Indenture”).  The terms and conditions of the Bonds are set forth in the Indenture and that certain Fourth Amendment and Supplement to Indenture of Mortgage dated as of October 1, 1986, dated as of October 19, 2004 between the Company, Southwest and the Trustee.  The Bonds were sold pursuant to a Bond Purchase Agreement dated October 19, 2004 by and among Suburban Water Systems, Southwest and the Company.  The Company intends to use the proceeds from the offering to redeem its outstanding 8.93% Series A First Mortgage Bonds in the principal amount of $3,300,000, for capital expenditures and general corporate purposes.

 

Interest on the Bonds accrues from October 20, 2004 or the most recent interest payment date, and is payable in cash semi-annually in arrears on April 1st and October 1st of each year, commencing April 1, 2005.  The Company, at its option, may at any time after issuance, redeem the Bonds prior to maturity at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed plus any accrued and unpaid interest, plus a make-whole premium under certain circumstances described in the Indenture.   The Indenture contains customary events of default, including nonpayment of principal when due; nonpayment of interest, fees or other amounts after a stated grace period; inaccuracy of representations and warranties; and violation of covenants.  If an event of default occurs and is continuing, the Company may be required to repay all amounts outstanding under the Bonds.

 

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SIGNATURE

 

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.

 

Dated: October 22, 2004

 

 

 

SOUTHWEST WATER COMPANY

 

 

 

 

 

 

 

By:

  /s/ Richard J. Shields

 

 

 

Richard J. Shields

 

 

Chief Financial Officer

 

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