secwatch.observer — SEC 8-K summary
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Issuer:     American Water Works Company, Inc. (AWK)
CIK:        0001410636
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001193125-23-178616
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Water subsidiary issues $1.035B of 3.625% exchangeable notes due 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410636/000119312523178616/0001193125-23-178616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410636/000119312523178616/d514709d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-178616

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