September 28, 2009 (FinancialWire) — The York Water Company (NASDAQ: YORW) has priced an underwritten public offering of 950,000 shares of its common stock at a price to the public of $14.00 per share.

The underwriters have a 30-day over-allotment option to purchase up to an additional 142,500 shares. The offering is expected to close on September 29, 2009.

The proceeds of the offering will be used to repay a portion of the company’s outstanding indebtedness under its line of credit agreements, which was primarily incurred to fund capital expenditures and acquisitions.

Boenning & Scattergood, Inc. and J.J.B. Hilliard, W.L. Lyons, LLC are the underwriters for the offering.

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