American Water Announces Results of $900 Million Senior Note Offering.VOORHEES, N.J. -- American Water today announced that its financing subsidiary, American Water Capital Corporation ("AWCC AWCC Arkansas Workers' Compensation Commission AWCC Afghan Wireless Communication Company AWCC Association of Wisconsin Cleaning Contractors AWCC Active Well Coincidence Counter AWCC Alaska Wildlife Conservation Center "), has finalized See finalization. an agreement to sell $900 million of Senior Unsecured Notes offered through a private placement. The maturities of the $900 million Senior Notes range from 7 to 15 years and carry final coupon rates Coupon rate In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. of 5.39 to 5.77 percent per annum Per annum Yearly. . AWCC has elected to close the sales on three separate dates to better match its funding requirements. The first closing of $483 million of Senior Notes occurred today. The second and third closings are expected to take place during 2007 on, or prior, to January 31 and February 15, respectively, subject to fulfillment of certain customary conditions. The Senior Notes have not been registered under the Securities Act of 1933 and may not be offered or sold absent registration or an applicable exemption from registration requirements. This notice is not and shall not constitute an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy any securities of American Water or AWCC. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion