The company said its subsidiary American Water Capital Corp. (AWCC) agreed on February 24, 2025 to sell $800 million of 5.250% Senior Notes due 2035. At closing on February 27, AWCC received net proceeds of about $791.7 million, after underwriting discounts and before offering expenses.

1. 01

   The company said its subsidiary American Water Capital Corp. (AWCC) agreed on February 24, 2025 to sell $800 million of 5.250% Senior Notes due 2035. At closing on February 27, AWCC received net proceeds of about $791.7 million, after underwriting discounts and before offering expenses.

2. 02

   The company said AWCC plans to use the net proceeds to lend funds to subsidiaries in its Regulated Businesses segment, to repay $525.0 million of 3.400% Senior Notes due March 1, 2025 at maturity, to repay commercial paper obligations, and for general corporate purposes.

3. 03

   The company said the Virginia State Corporation Commission approved on February 24, 2025 the settlement of Virginia American Water's rate case, allowing an annualized increase in water and wastewater revenues of $14.6 million. The company said the original filing on November 1, 2023 requested $19.7 million.

4. 04

   The company said the order approved, solely for Virginia American Water's future filings, an ROE of 9.70%, an equity component of 45.67% and a debt and other component of 54.33%. It said the equity component approved in the 2023 rate case was 40.73%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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