American Water Works' finance subsidiary, American Water Capital Corp. (AWCC), has completed the sale of $500 million in senior notes. The offering, which closed on September 16, 2026, generated net proceeds of approximately $496.6 million which will be used primarily for debt repayment and funding for its regulated businesses.
Key Details
- Offering: $500.0 million aggregate principal amount of 5.550% Senior Notes due 2033.
- Net Proceeds: Approximately $496.6 million after underwriting discounts.
- Use of Proceeds: To repay $250 million of existing 3.000% senior notes due December 1, 2026, lend funds to regulated subsidiaries, repay commercial paper, and for general corporate purposes.