In Brief - Americas
- From: Vol 10, Issue 5 (May 2009)
- Category: Brief
- Region: Americas
- Country: United States
- Related Companies: American Water, Aqua America, Calder AG, California Water Service Co (Cal Water), Clarendon Water Company, Flowserve Corporation, New Jersey American Water, Severn Trent Services and Southwest Water Company
Flow control giant Flowserve Corporation has acquired Swiss energy recovery specialist Calder AG for an undisclosed sum, believed to be in the $80-100 million range.
* Calder generated revenues of approximately $23 million in 2008.
* New Jersey American Water has raised $75 million of 6.35% 30-year first mortgage bonds and $25 million of 5.48% 10-year first mortgage bonds. The proceeds will be used principally to pay down short-term debt. California Water Service Company, meanwhile, placed $100 million of 5.875% 10-year first mortgage bonds ...
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