San Jose Water issue $20 million in private placement
- From: Vol 4, Issue 10 (October 2003)
- Category: Market insight
- Region: Americas
- Country: United States
- Related Companies: San Jose Water and Slusser Associates
The US’s ageing water system is destined to become a serious financial issue. But while many cities across the US stand around looking for government handouts, private water companies like San Jose Water are addressing the issue by turning to capital markets.
San Jose Water issued $20 million in debt in September to provide funding for the company’s ageing infrastructure and pipes. San Jose expects to spend more than $155 million in capital expenditures over the next five years. The recent debt issuance will cover approximately two-thirds of San Jose’s budget expenditures for the coming year. The remaining portion will ...
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