Financing ·
American Water Capital Corp. sells $500M of 5.550% Senior Notes due 2033 to repay maturing debt
AWKAmerican Water Works Company, Inc.
American Water Works Company, Inc.'s finance subsidiary, American Water Capital Corp., sold $500.0 million of 5.550% Senior Notes due 2033 on September 16, 2026, receiving net proceeds of approximately $496.6 million after underwriting discounts. The company intends to use the proceeds to repay $250.0 million of outstanding 3.000% senior notes maturing December 1, 2026, lend funds to its regulated utility subsidiaries, repay commercial paper obligations, and for general corporate purposes. American Water Works Company, Inc. operates in the water utility industry, providing water and wastewater services.