American Water Works Company Inc Enters Into New Credit Facility Agreement

Wednesday, 31 Oct 2012 09:00am EDT 

American Water Works Company Inc announced that it has entered into a new revolving credit agreement with $1 billion in aggregate total commitments from a group of 14 banks. This new credit facility replaces the Company`s existing $685 million revolving credit facility, which would otherwise mature in September 2013. This credit facility, along with the Company`s commercial paper program and cash from operations, provide for the Company`s near term financial liquidity. As of September 30, 2012, the Company had no direct borrowing under the existing credit facility. The new facility is for general corporate finance purposes and will expire in October 2017. 

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22 Aug 2014