American Water Capital $550 million notes issue

14/8/2015

Investment grade bond/note issue

Value:

$ 550 million

Status:

Completed

Date:

14/8/2015

Overview:

American Water Capital has issued $550 million in notes.
The issuer is the finance subsidiary of the largest publicly traded domestic water supply and wastewater utility in the US, American Water Works.
$225 million of the notes are due in 2025, while the other $325 million are due in 2045.
The notes due in 2025 are a reopening of notes issued in August, 2014.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Utilities

Firms:

Morgan Lewis & Bockius

Party: American Water Capital (Issuer)

Lawyer: Joanne Soslow

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