debt
confidence high
sentiment neutral
materiality 0.50
American Water subsidiary issues $500M 4.625% senior notes due 2029
American Water Works Company, Inc.
- $500M aggregate principal, 4.625% rate, due 2029; net proceeds ~$498M after underwriting discounts.
- Proceeds to repay portion of AWCC's 3.625% exchangeable senior notes due 2026 and commercial paper.
- Underwriters: BofA Securities, RBC Capital Markets, Wells Fargo Securities.
- Closing occurred May 20, 2026; support agreement from American Water backs the notes.
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