California Water Service secures 600M credit agreement NYSECWT

California Water Service (NYSE:CWT) on Tuesday said it entered into an unsecured revolving credit facilities totaling $600 million for a term of five years. Of the total, $400 million is available to its Cal Water, and $200 million is available to Group and the subsidiaries. Additionally, the credit facilities may be expanded up to an incremental $150 million under the Cal Water facility and up to $50 million under the Group facility. The proceeds from the credit facilities may be used for working capital purposes, including short-term financing of capital investments pending longer-term financing for those investments. The credit facilities…