October 21, 2014 11:18 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: 60
President of American Water Works Service Company and President of American Water Services
Age: 60
President of Western Region
Age: 57
President of American Water Enterprises
Age: 62
President of Regulated Operations - American Water
Age: 51
Compensation as of Fiscal Year 2014.

American Water Capital Corp. Key Developments

American Water Announces Expiration and Final Results of Notes Tender Offer

American Water Works Company, Inc. announced the expiration and final results of its previously announced cash tender offer by its wholly owned subsidiary, American Water Capital Corp., to purchase for cash up to $300,000,000 aggregate principal amount of outstanding 6.085% Senior Notes due 2017. The Tender Offer was made on the terms and subject to the conditions set forth in the Offer to Purchase, dated Sept. 10, 2013, and the related Letter of Transmittal. As of 11:59 p.m., New York City time, on Oct. 7, 2013 (the Expiration Date), $225,800,000 in aggregate principal amount of the Notes, representing approximately 30.1% of the aggregate outstanding principal amount of the Notes, was validly tendered and not validly withdrawn. The company has accepted for purchase all Notes that were validly tendered and not validly withdrawn as of the Expiration Date. Payment for the Notes so purchased is expected to be made today, and the Notes so purchased will be cancelled.

American Water Capital Corp. Prices Tender Offer for $300 Million of its 6.085% Senior Notes Due 2017

American Water Works Company Inc. announced the consideration payable in respect to the previously announced cash tender offer by its subsidiary, American Water Capital Corp. to purchase for cash up to $300,000,000 aggregate principal amount of outstanding 6.085% Senior Notes due 2017. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated September 10, and the related Letter of Transmittal. American Water Works Company reported that the tender offer is scheduled to expire on October 7, unless extended or earlier terminated. Holders who validly tender Notes after the Early Tender Deadline but at or prior to the Expiration Date will be eligible to receive the Tender Offer Consideration, which is equal to the Total Consideration minus the Early Participation Payment and is set forth. In addition to the Total Consideration or Tender Offer Consideration, as applicable, holders of Notes accepted for payment will receive accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the Payment Date. If the aggregate principal amount of Notes validly tendered exceeds $300,000,000, proration will occur. The Payment Date is expected to occur promptly after the Expiration Date and is expected to be October 8.

American Water Capital Corp. Announces Early Tender Results

American Water Works Company Inc. announced that pursuant to the previously announced tender offer by its wholly owned subsidiary, American Water Capital Corp. to purchase for cash up to $300,000,000 aggregate principal amount of outstanding 6.085% Senior Notes due 2017, a total of $225,795,000 principal amount of Notes were validly tendered and not withdrawn by 5:00 p.m., New York City time, on Sept. 23, 2013. The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated Sept. 10, 2013, and the related Letter of Transmittal. Holders of Notes who validly tendered their Notes by the Early Participation Date and whose Notes are accepted for payment will receive the previously announced Total Consideration as determined by reference to a fixed spread specified over the yield based on the bid side price of the U.S. Treasury Security identified on the front page of the Offer to Purchase and in the table above, as calculated by the Dealer Manager at 1:00 p.m., New York City time, on Sept. 24, 2013. Holders of Notes who validly tender their Notes after the Early Participation Date and prior to 11:59 p.m., New York City time, on October 7, 2013 (the Expiration Date), unless extended or earlier terminated, and whose Notes are accepted for purchase pursuant to the Tender Offer will receive the previously announced Tender Offer Consideration, which is equal to the Total Consideration less the Early Participation Payment set forth in the table above. In addition to the Total Consideration or Tender Offer Consideration, as applicable, holders of Notes accepted for payment will receive accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the Payment Date. If the aggregate principal amount of Notes validly tendered exceeds $300,000,000, proration will occur. The Payment Date is expected to occur promptly after the Expiration Date and is expected to be October 8, 2013. The withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time, on Sept. 23, 2013 (the Withdrawal Date). Holders of Notes who validly tender their Notes after the Withdrawal Date but on or before the Expiration Date may not withdraw their Notes except in the limited circumstances described in the Offer to Purchase. The tender offer is conditioned upon the satisfaction of certain conditions, as described in the Offer to Purchase. If any of the conditions are not satisfied, AWCC will not be obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes, in each event subject to applicable law, and may terminate the tender offer. Subject to applicable law, AWCC also may terminate the tender offer at any time before the Expiration Date in its sole discretion. AWCC has engaged RBC Capital Markets, LLC to act as the dealer manager (the Dealer Manager) in connection with the tender offer.

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