8-KOther EventsExhibits & Filings

American Water Works Company, Inc. 8-K Report, Corporate Update (Sep 16, 2026)

Filed September 16, 2026For Securities:AWK

Summary

American Water Works Company, Inc. (AWK), through its wholly owned finance subsidiary American Water Capital Corp. (AWCC), successfully closed a $500.0 million offering of 5.550% Senior Notes due 2033 on September 16, 2026. The net proceeds, approximately $496.6 million after underwriting discounts, will be strategically deployed to strengthen AWK's financial position and support its regulated utility operations. Key uses of the proceeds include repaying $250.0 million of AWCC's maturing 3.000% senior notes due December 1, 2026, and providing funds for American Water and its regulated subsidiaries. Additionally, a portion will be used to reduce AWCC's outstanding commercial paper, with any remaining funds allocated for general corporate purposes. This refinancing activity demonstrates AWK's proactive approach to managing its debt obligations and ensuring continued financial flexibility for its regulated business segments.

Key Highlights

  • 1AWCC, a subsidiary of AWK, completed a $500.0 million offering of 5.550% Senior Notes due 2033.
  • 2Net proceeds from the offering amounted to approximately $496.6 million.
  • 3Proceeds will be used to repay $250.0 million of maturing 3.000% senior notes.
  • 4Funds will be provided to American Water and its subsidiaries operating in the Regulated Businesses segment.
  • 5A portion of the proceeds will be used to reduce AWCC's commercial paper obligations.
  • 6The offering was conducted under an underwriting agreement with multiple representatives, including PNC Capital Markets LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC, and U.S. Bancorp Investments, Inc.
  • 7The notes are supported by a Support Agreement from American Water.

Frequently Asked Questions

The primary purpose is to refinance existing debt and support the company's operations. Specifically, $250.0 million will be used to repay maturing senior notes, and funds will be provided to American Water and its regulated subsidiaries for their operational needs and general corporate purposes.

The new senior notes have a coupon rate of 5.550% and mature in 2033.

The offering strengthens American Water's financial position by extending debt maturity (with the new notes maturing in 2033 compared to the $250.0 million maturing in 2026) and providing capital for its regulated operations. It also reduces short-term commercial paper obligations, enhancing overall financial flexibility.

The proceeds are earmarked for the Regulated Businesses segment, which consists of utilities providing water and wastewater services subject to state utility commission regulation. This indicates the funds are intended for infrastructure investments, operational needs, and financial management within these regulated entities.