2023-06-27 05:49:53 ET
- American Water Capital, a wholly owned finance subsidiary of American Water Works Company ( NYSE: AWK ) prices $900M aggregate principal amount of its 3.625% exchangeable senior notes due 2026 in a private placement.
- Initial purchasers have an option to purchase up to an additional $135M aggregate principal amount of the notes.
- The sale of the notes to the initial purchasers is expected to settle on June 29, 2023.
- Net proceeds will be ~$888.8M.
- The company intends to use the net proceeds to repay its commercial paper obligations and for general corporate purposes.
For further details see:
American Water Capital prices $900M senior notes