American Water Capital Corp. is a special purpose financing vehicle which issues debt. The company was founded in 2000 and is based in Voorhees, New Jersey. American Water Capital Corp. operates as a subsidiary of American Water Works Company, Inc.
1025 Laurel Oak Road
Voorhees, NJ 08043
Founded in 2000
American Water Works Company, Inc. and American Water Capital Corp. Amend and Restate Certain Credit Agreement Dated as of October 29, 2012
Jul 7 15
On June 30, 2015, American Water Works Company, Inc. and American Water Capital Corp. amended and restated that certain credit agreement, dated as of October 29, 2012, as amended, by and among American Water, AWCC, each of the lenders party thereto, Wells Fargo Bank, National Association, as administrative agent, JPMorgan Chase Bank, N.A., as syndication agent, and Mizuho Bank Ltd. and PNC Bank, National Association, as co-documentation agents, with respect to AWCC's unsecured revolving credit facility. American Water has executed the credit agreement solely to acknowledge and agree that obligations owing by AWCC under the credit agreement will constitute debt under a support agreement between American Water and AWCC, and the credit agreement will contain representations, warranties and covenants that relate to American Water and that a breach of any of those representations or warranties, or a failure by AWCC to comply with such covenants, could result in an event of default under the credit agreement. The amended and restated credit agreement amends the expiration of the term of this credit facility from October 2018 to June 2020. AWCC may request to extend the term of the credit facility for up to two one-year periods. An extension request must satisfy certain conditions and receive approval of the lenders, all as set fourth in the credit agreement. The financial covenants with respect to the credit facility remain unchanged. In the ordinary course of business, certain of the lenders and their respective affiliates have from time to time engaged, and likely will in the future engage, in transactions with, and from time to time have performed services for, and likely will in the future perform services for, AWCC, American Water and their affiliates, for which they received, or will continue to receive, customary fees or compensation. In addition, affiliates of certain of the lenders act as paying agent or dealer under AWCC's commercial paper program.
American Water Announces Expiration and Final Results of Notes Tender Offer
Oct 8 13
American Water Works Company, Inc. announced the expiration and final results of its previously announced cash tender offer by its wholly owned subsidiary, American Water Capital Corp., to purchase for cash up to $300,000,000 aggregate principal amount of outstanding 6.085% Senior Notes due 2017. The Tender Offer was made on the terms and subject to the conditions set forth in the Offer to Purchase, dated Sept. 10, 2013, and the related Letter of Transmittal. As of 11:59 p.m., New York City time, on Oct. 7, 2013 (the Expiration Date), $225,800,000 in aggregate principal amount of the Notes, representing approximately 30.1% of the aggregate outstanding principal amount of the Notes, was validly tendered and not validly withdrawn. The company has accepted for purchase all Notes that were validly tendered and not validly withdrawn as of the Expiration Date. Payment for the Notes so purchased is expected to be made today, and the Notes so purchased will be cancelled.