Summary
On December 15, 2010, American Water Works Company, Inc. (AWK) reported through its wholly-owned subsidiary, American Water Capital Corp. (AWCC), the successful sale of $30 million in aggregate principal amount of 6.00% Senior Monthly Notes due 2040. This issuance was facilitated by an Underwriting Agreement with Edward D. Jones & Co., L.P., and the Notes benefit from a support agreement from the parent company, AWK. The registration of these Notes under the Securities Act of 1933, as indicated by Registration Statement Nos. 333-158949 and 333-158949-01, suggests a strategic move to secure long-term financing. Investors should note that this filing primarily serves to announce the completion of this debt offering and to provide associated documentation, rather than disclosing new operational or financial performance metrics.
Key Highlights
- 1AWCC, a subsidiary of AWK, issued $30 million of Senior Monthly Notes.
- 2The Notes have a coupon rate of 6.00% and mature in 2040.
- 3The issuance was conducted under an Underwriting Agreement with Edward D. Jones & Co., L.P.
- 4AWK provided a support agreement for the Notes issued by its subsidiary.
- 5The Notes and Support Agreement were registered under the Securities Act of 1933.
- 6This 8-K filing primarily reports on the completion of this debt financing event.