Financing ·
American Water Capital Corp. closed a $500 million offering of 4.625% Senior Notes due 2029, generating approximately…
AWKAmerican Water Works Company, Inc.
American Water Capital Corp. closed a $500 million offering of 4.625% Senior Notes due 2029, generating approximately $498 million in net proceeds. The funds are earmarked to refinance maturing 3.625% exchangeable senior notes due 2026 and repay outstanding commercial paper obligations. This transaction allows the company to proactively manage its debt maturity profile and maintain liquidity for general corporate purposes.