Regulated Acquisitions and Growth Outlook
Successfully Completed 2023 Financing Plan
AMERICAN WATER
Closing Date
~$1.7 Billion Common Stock Issuance
Public Offering Price
Use of Proceeds
March 3, 2023
12,650,000 Shares
$135.50/Share
Repaid outstanding commercial paper obligations
and for general corporate purposes
~$1.0 Billion Exchangeable Senior Notes due 2026
Executed on our plan to issue a significant
portion of expected $2B of equity need in.
Five-Year Plan (2023-2027)
Successfully completed our long-term debt
financing for the year with issuance of
Exchangeable Senior Notes
Both issuances demonstrate proactive
execution in a challenging market
environment to fund growth and manage
financing costs for the benefit of customer
affordability and shareholder value
Size
Interest Rate
Conversion Premium
Settlement
Use of Proceeds
3.625% per year
~22.5%
Cash, up to the aggregate principal amount
(remaining value, if any, settled in cash, shares, or
combination of cash/shares, at AWCC's election)
Repaid outstanding commercial paper obligations
and for general corporate purposes
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