debt
confidence high
sentiment neutral
materiality 0.50
American Water's AWCC issues $500M 5.550% senior notes due 2033
American Water Works Company, Inc.
- AWCC sold $500.0M aggregate principal of 5.550% Senior Notes due 2033; net proceeds ~$496.6M.
- Proceeds to repay $250.0M of 3.000% senior notes due Dec 1, 2026, and commercial paper.
- Remaining proceeds lent to American Water's Regulated Businesses segment and for general corporate purposes.
- Underwriting led by PNC, Mizuho, RBC, and U.S. Bancorp; notes supported by American Water support agreement.
- Offering closed Sept 16, 2026; notes registered under S-3 shelf.