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SJW CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events, Financial Statements and Exhibits

June 25, 2014



Item 1.01 Entry into a Material Definitive Agreement

On June 23, 2014, San Jose Water Company (the "Company"), a wholly-owned subsidiary of SJW Corp., and Wells Fargo Bank, National Association ("Wells Fargo") entered into the Second Amendment (the "Second Amendment") to the Credit Agreement dated as of March 1, 2012 between the Company and Wells Fargo ("Credit Agreement"), pursuant to which the maximum principal amount available for borrowing under the Credit Agreement was increased from $75 million to $85 million, and the maturity date of the Credit Agreement was extended to September 1, 2016. The foregoing description of the Second Amendment is qualified in its entirety by reference to the full terms and conditions of the Second Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference, and a copy of the Credit Agreement, which was filed as Exhibit 10.2 to the Form 8-K filed by SJW Corp. on March 7, 2012.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant

The disclosures set forth in Item 1.01 above are incorporated by reference in this Item 2.03.

Item 8.01 Other Events



On June 23, 2014, SJW Corp., SJW Land Company and Wells Fargo entered into the Second Amendment (the "SJW Second Amendment") to the Credit Agreement dated as of March 1, 2012 between SJW Corp., SJW Land Company and Wells Fargo (as amended, the "SJW Credit Agreement") pursuant to which the maturity date of the SJW Credit Agreement was extended to September 1, 2016. The foregoing description of the SJW Second Amendment is qualified in its entirety by reference to the full terms and conditions of the SJW Second Amendment, which is filed as Exhibit 10.2 hereto and incorporated herein by reference, and a copy of the SJW Credit Agreement, which was filed as Exhibit 10.1 to the Form 8-K filed by SJW Corp. on March 7, 2012.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. Exhibit Number Description of Document Second Amendment to Credit Agreement dated as of June 23, 2014 10.1 between San Jose Water Company and Wells Fargo Bank, National Association, and Revolving Line of Credit Note dated June 23, 2014 Second Amendment to Credit Agreement dated as of June 23, 2014 10.2 between SJW Corp., SJW Land Company and Wells Fargo Bank, National Association, and Revolving Line of Credit Note dated June 23, 2014



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Source: Edgar Glimpses


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