Southwest Water Company Completes $150 Million Expanded Credit Facility

  
    
  
  
    
      Southwest Water Company (NASDAQ: SWWC) today announced the completion of 
      a new $150 million credit facility with a syndicate of nine banks led by 
      Bank of America. The new five-year credit facility expires in 2013 and 
      replaces the existing $100 million facility that was due to expire in 
      2010. Southwest Water expects to use the credit facility for general 
      corporate purposes, including acquisitions.
    
    
      “This new credit facility supports our plans 
      for continued growth, lowers our borrowing costs and provides additional 
      capital for potential acquisitions,” said Mark 
      Swatek, Southwest Water chief executive officer and chairman. “We 
      are pleased that we were able to establish relationships with several 
      new commercial banks while maintaining close ties with our existing bank 
      partners.”
    
    
      Southwest Water Company provides a broad range of services including 
      water production, treatment and distribution; wastewater collection and 
      treatment; utility billing and collection; utility infrastructure 
      construction management; and public works services. The company owns 
      regulated public utilities and also serves cities, utility districts and 
      private companies under contract. More than two million people in 10 
      states depend on Southwest Water for high-quality, reliable service. 
      Additional information may be found on the company’s 
      website: www.swwc.com.