SJW Group Announces Pricing of Providing of Widespread Stock | Business & Finance

SAN JOSE, Calif.–(Business WIRE)–Mar 8, 2021–

SJW Team (NYSE: SJW) (“SJW” or the “Company”) introduced currently that it has priced its beforehand announced underwritten public providing of 1,030,000 shares of its frequent stock, par worth $.001 per share, at a general public providing price of $59.00 per share, for mixture gross proceeds of approximately $60.77 million. SJW has also granted the underwriters a 30-day option to obtain up to an supplemental 154,500 shares of its prevalent stock. The supplying is anticipated to near on or about March 11, 2021, subject matter to customary closing disorders.

SJW intends to use the net proceeds from the featuring to repay fantastic indebtedness and for other typical company needs, which could contain financing infrastructure improvements, other capital expenditures and functioning money.

J.P. Morgan and RBC Capital Marketplaces are performing as guide-running supervisors for the supplying. Janney Montgomery Scott and Loop Capital Markets are serving as co-professionals for the providing.

The supplying is being built pursuant to an productive shelf registration statement filed with the Securities and Trade Fee (the “SEC”). The presenting is staying designed only by signifies of a prospectus dietary supplement relating to these types of giving, such as the accompanying base prospectus. Ahead of you invest, you should really go through the preliminary prospectus health supplement and accompanying prospectus, the registration statement, and the other paperwork that the Corporation has filed with the SEC for more finish info about the Corporation and this featuring. Copies of the preliminary prospectus nutritional supplement relating to the giving and the ultimate prospectus dietary supplement, when offered, may perhaps be acquired by viewing EDGAR on the SEC’s internet site at www.sec.gov or from J.P. Morgan Securities LLC, c/o Broadridge Monetary Remedies, 1155 Lengthy Island Avenue, Edgewood, NY 11717, by phone at (866) 803-9204 or by e-mail at prospectus-eq—[email protected] or RBC Capital Markets, LLC, Notice: Fairness Money Markets, 200 Vesey Road, New York, NY 10281, by telephone at (877) 822-4089 or by e-mail at [email protected].

This push launch shall not constitute an present to sell or a solicitation of an present to purchase the securities explained herein, nor shall there be any sale of these securities in any state or other jurisdiction in which these kinds of an offer you, solicitation or sale would be unlawful prior to registration or qualification under the securities legal guidelines of any these kinds of point out or jurisdiction.

Ahead-Hunting Statements

This push launch may comprise ahead-looking statements within just the this means of Section 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Exchange Act of 1934, as amended, which includes, but not minimal to, statements relating to the envisioned use of web proceeds and closing day, which statements are designed pursuant to the safe harbor provisions of the U.S. Personal Securities Litigation Reform Act of 1995.

These ahead-on the lookout statements contain a number of threats, uncertainties and assumptions which includes, but not confined to, the subsequent components: (1) the result of drinking water, utility, environmental and other governmental insurance policies and polices, like steps concerning rates, authorized return on fairness, approved funds structures, capital expenditures and other decisions (2) modifications in need for water and other companies (3) the affect of the Coronavirus (“COVID-19”) pandemic on our company operation and financial benefits (4) unanticipated weather ailments and adjustments in seasonality (5) weather change and the outcomes thereof (6) unforeseen charges, expenses or costs (7) our potential to properly evaluate investments in new small business and growth initiatives (8) contamination of our drinking water supplies and destruction or failure of our water products and infrastructure (9) the hazard of operate stoppages, strikes and other labor-relevant steps (10) catastrophic gatherings this kind of as fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist functions, physical assaults, cyber-attacks, epidemics, pandemics or identical occurrences (11) alterations in standard financial, political, organization and economic market place ailments (12) the ability to obtain financing on favorable terms, which can be influenced by several components, which includes credit score scores, modifications in fascination costs, compliance with regulatory prerequisites, compliance with the terms and disorders of our outstanding indebtedness, and common market and financial ailments and (13) legislative and general industry and financial developments. The dangers, uncertainties and other things might cause the real outcomes, overall performance or achievements of SJW to be materially distinct from any long term effects, functionality or achievements expressed or implied by these kinds of forward-hunting statements.

Other aspects that could bring about true benefits, effectiveness or achievements to materially differ are explained in SJW’s most recent Yearly Report on Kind 10-K, Quarterly Reviews on Sort 10-Q and Present-day Reviews on Kind 8-K submitted with the SEC. SJW undertakes no obligation to publicly update or revise any forward-on the lookout assertion, no matter if as a consequence of new information and facts, potential events or normally.

Call: Buyers Call

Main Economic Officer and Treasurer, SJW Team

(408) [email protected]

Key phrase: CALIFORNIA UNITED STATES NORTH The usa

Industry Keyword: UTILITIES Energy

PUB: 03/08/2021 11:55 PM/DISC: 03/08/2021 11:55 PM

Tags: Announces, Business, Finance, Group, Pricing, Providing, SJW, Stock, Widespread