{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-178616","form_type":"8-K","ticker":"AWK","cik":"0001410636","company_name":"American Water Works Company, Inc.","filed_at":"2023-06-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.758395+00:00","generated_at":"2026-06-13T14:46:28.680313+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"American Water subsidiary issues $1.035B of 3.625% exchangeable notes due 2026","bullets":["Net proceeds of ~$1.022B to repay commercial paper and for general corporate purposes.","Initial exchange rate: 5.8213 shares/$1,000 principal; exchange price ~$171.78 (22.5% premium to $140.23 close on June 26, 2023).","Notes are unsecured obligations of AWCC with a support agreement from American Water (functional guarantee).","Maturity June 15, 2026; interest at 3.625% payable semi-annually starting December 15, 2023.","Holders can require repurchase at 100% principal plus accrued interest upon a fundamental change."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-178616","json":"https://secwatch.observer/filing/0001193125-23-178616.json","markdown":"https://secwatch.observer/filing/0001193125-23-178616.md","text":"https://secwatch.observer/filing/0001193125-23-178616.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1410636/000119312523178616/0001193125-23-178616-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1410636/000119312523178616/d514709d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T14:46:28.680313+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"69fe68a0c0ed1e4b2cd3d55b9969b146890e16eb","claim":"American Water Works Company, Inc. incurred convertible notes of $1,035.0 million aggregate principal amount with J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as representatives of the several initial purchasers at 3.625% maturing June 15, 2026.","evidence_excerpt":"On June 29, 2023, American Water Capital Corp. (“AWCC”), a wholly owned finance subsidiary of American Water Works Company, Inc. (“American Water”), issued $1,035.0 million aggregate principal amount of its 3.625% Exchangeable Senior Notes due 2026 (the “Notes”), which included an additional $135.0 million principal amount of Notes purchased pursuant to the exercise in full of the option to purchase additional Notes granted to the Initial Purchasers (as defined below) in the Purchase Agreement (as defined below).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410636/000119312523178616/0001193125-23-178616-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,035.0 million aggregate principal amount"},{"label":"Counterparty","value":"J.P. Morgan Securities LLC and Mizuho Securities USA LLC, as representatives of the several initial purchasers"},{"label":"Rate","value":"3.625%"},{"label":"Maturity","value":"June 15, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fbb7033495acc24a433d493fabd3eab3be4369df","claim":"American Water Works Company, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1,035.0 million aggregate principal amount of 3.625% Exchangeable Senior Notes due 2026 (effective 2023-06-29).","evidence_excerpt":"AWCC issued the Notes pursuant to an indenture, dated as of June 29, 2023 (the “Indenture”), among AWCC, American Water and U.S. Bank Trust Company, National Association, as trustee.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1410636/000119312523178616/0001193125-23-178616-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$1,035.0 million aggregate principal amount of 3.625% Exchangeable Senior Notes due 2026"},{"label":"Effective","value":"2023-06-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}