American Water announces $1 billion stock offering with forward component
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American Water Announces Common Stock Offering with a Forward Component
August 4, 2025 4:05 PM EDTCAMDEN, N.J.--(BUSINESS WIRE)-- American Water Works Company, Inc. (NYSE: AWK) announced today a registered underwritten offering of $1 billion in shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below.
Wells Fargo Securities, J.P. Morgan, and Mizuho are acting as joint book-running managers and as representatives of the underwriters for the offering. In... More
