American Water Works Company Closes $1.325 Billion Registered Offering

August 9, 2018

American Water Works Company, Inc., through its financing subsidiary, closed a registered offering of $625 million of 3.750% senior notes due 2028 and $700 million of 4.200% senior notes due 2048. Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company, providing drinking water, wastewater and other related services to more than 14 million people in 45 states and Ontario, Canada.

S&C represented the underwriters, led by Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC.

The S&C team was led by Robert Buckholz, along with Sarah Flowers and Natalie Vesti. Jeffrey Hochberg, Saul Brander and Jennifer Leaphart advised on tax matters; Matthew Brennan advised on environmental matters; and Tracey Russell advised on FINRA matters.