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American Water Closes $25 Million Tax-Exempt Debt Offering

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  Published in Business and Finance on Thursday, September 16th 2010 at 8:00 GMT by Market Wire
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VOORHEES, N.J.--([ BUSINESS WIRE ])--American Water Works Company, Inc. (NYSE: AWK), the largest investor-owned U.S. water and wastewater utility company, today announced that its financing subsidiary, American Water Capital Corp., successfully closed an offering of $25 million in tax-exempt water facility revenue bonds through the Indiana Finance Authority. The bonds have a coupon of 4.85% with a 30-year maturity and a 5-year call option.

The proceeds from the bond offering will be used to fund water facility projects in Indiana American Watera™s service territory.

Edward D. Jones & Co., L.P. is the underwriter for the offering. Copies of the Official Statement relating to the offering may be obtained from Edward Jones at 12555 Manchester Road, St. Louis, MO 63131.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 16 million people in 35 states and Ontario and Manitoba, Canada.