YORW · The York Water Company

The York Water Company has initiated a significant capital-raising event through a proposed public offering of its common stock, signaling potential expansion and strategic initiatives. The offering involves all shares being offered directly by the company, with an additional 30-day option granted to underwriters to purchase more shares, providing flexibility in the offering size. Management has outlined clear intended uses for the net proceeds, focusing on three key areas: funding the capital investment program to support infrastructure and growth projects, reducing financial leverage through repayment of outstanding indebtedness, and maintaining strategic optionality for potential acquisitions. The offering structure involves Huntington Securities, Inc. as sole book-running manager and Seaport Global Securities as co-manager, indicating a coordinated approach to market the securities. Importantly, the company emphasizes that the offering remains subject to market conditions and customary closing requirements, with no guarantee of completion or timing. This capital raise represents a strategic move to strengthen the company's financial position while funding growth initiatives in its regulated water utility business.