September 24, 2016 9:07 PM ET

Water Utilities

Company Overview of American Water Capital Corp.

Company Overview

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

United States

Founded in 2000

Phone:

856-346-8201

Fax:

856-346-8360

Key Executives for American Water Capital Corp.

Chief Financial Officer and Senior Vice President
Age: 62
President of American Water Works Service Company and President of American Water Services
Age: 62
President of Regulated Operations - American Water
Age: 53
President of Missouri American Water Company
Age: 69
President of Pennsylvania American Water
Age: 63
Compensation as of Fiscal Year 2016.

American Water Capital Corp. Key Developments

American Water Works Company, Inc. and American Water Capital Corp. Amend and Restate Certain Credit Agreement Dated as of October 29, 2012

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.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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