American Water Works Company, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by American Water Works Company, Inc. (AWWC) on November 20, 2013. The report details a capital market transaction executed by American Water Capital Corp. (AWCC), a wholly-owned subsidiary of AWWC.
Key Financial Metrics
- Debt Issuance: AWCC sold $400 million aggregate principal amount of 3.850% Senior Notes due 2024.
- Transaction Date: November 20, 2013.
- Underwriters: J.P. Morgan Securities LLC, UBS Securities LLC, and Wells Fargo Securities, LLC.
- Support: The Notes are backed by a support agreement from the parent company, AWWC.
- Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for these operational metrics as this is a transaction-specific report.
Material Changes
The primary material change reported is the increase in long-term debt obligations resulting from the issuance of the $400 million Senior Notes. This transaction was conducted pursuant to an Underwriting Agreement dated November 8, 2013.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the debt issuance. The document serves primarily to report the execution of the transaction and file related exhibits, including the Underwriting Agreement and Officers' Certificate.
Key Facts for Investor Verification
- Verify the use of proceeds from the $400 million note issuance in subsequent financial statements.
- Confirm the terms of the Support Agreement between AWWC and AWCC.
- Review the impact of the new 3.850% interest rate on the company's overall cost of debt.
- Check the maturity schedule for the 2024 Senior Notes.