American Water entered into a Purchase and Sale Agreement with Nexus Regulated Utilities, LLC on May 19, 2025 to acquire the entities that own regulated water and wastewater system assets in 8 states, on a cash-free and debt-free basis.

1. 01

   American Water entered into a Purchase and Sale Agreement with Nexus Regulated Utilities, LLC on May 19, 2025 to acquire the entities that own regulated water and wastewater system assets in 8 states, on a cash-free and debt-free basis.

2. 02

   The company said the purchase price is approximately $315 million in cash, subject to adjustment at closing, and that aggregate rate base at closing is estimated at approximately $200 million. It said the deal would add nearly 47,000 customer connections. The company said it plans to fund the final purchase price from operating cash flow and existing sources of liquidity.

3. 03

   The company said it expects closing to occur by or before August 2026, subject to regulatory approvals from public utility commissions, the expiration or termination of the HSR Act waiting period, and the absence of any Legal Restraint.

4. 04

   The company said it would be required to pay Seller a cash termination fee of $15,750,000 if the deal is terminated, including where required regulatory approval conditions are not satisfied. The outside date is August 19, 2026, and it could be extended by up to 6 months for regulatory approvals.

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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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