Loan & DebtMay 20, 2026, 11:31 AM
American Water Capital Corp. Sells $500M Senior Notes
AI Summary
American Water Capital Corp. (AWCC), a wholly owned finance subsidiary of American Water Works Company, Inc., completed the sale of $500 million aggregate principal amount of its 4.625% Senior Notes due 2029. The offering closed on May 20, 2026, with AWCC receiving approximately $498.0 million in net proceeds. The company intends to use these proceeds to repay a portion of its outstanding 3.625% exchangeable senior notes due 2026, repay commercial paper obligations, and for general corporate purposes.
Key Highlights
- American Water Capital Corp. sold $500 million aggregate principal amount of 4.625% Senior Notes due 2029.
- The offering closed on May 20, 2026.
- AWCC received approximately $498.0 million in net proceeds after underwriting discounts.
- Proceeds will repay a portion of AWCC's outstanding 3.625% exchangeable senior notes due 2026.
- Proceeds will also repay a portion of outstanding commercial paper obligations.
- Funds will be used for general corporate purposes.
Price Impact
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