American Water Capital Corp. Closes $800 Million Senior Notes Offering and Virginia American Water Receives Rate Approval

Details

(AWCC), a subsidiary of American Water Works Company, Inc., closed an offering of $800 million aggregate principal amount of 5.250% Senior Notes due 2035. Proceeds from the offering will be used to lend funds to American Water's Regulated Businesses segment, repay existing senior notes and commercial paper obligations, and for general corporate purposes. Additionally, on the same day, the Virginia State Corporation Commission approved a $14.6 million annualized increase in water and wastewater revenues for Virginia American Water, a subsidiary of American Water, effective from May 1, 2024.

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About American Water Works Company, Inc.

American Water Works Company, Inc. is a prominent utility company that provides water and wastewater services across the United States. It primarily focuses on the operation and maintenance of water and wastewater utilities, ensuring the delivery of reliable clean water and proper treatment of wastewater for residential, commercial, and industrial customers. With a strong commitment to sustainability and community support, American Water Works is engaged in essential environmental stewardship practices to preserve natural resources. Serving millions of people, the company operates through subsidiaries in several states, playing a critical role in the water infrastructure sector. Its services ensure compliance with federal and state regulations, which safeguards public health and the environment. In the financial market, American Water Works is recognized for its stable operations and contributions to the utility sector, offering investors exposure to a critical and typically regulated industry that remains vital regardless of economic cycles.