Company: AWK
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001410636-25-000083
Chunk: 82

Company: American Water Works Company, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 (a)Total availability$2,600 $150 $2,750 Outstanding debt(1,000)(84)(1,084)Remaining availability as of March 31, 2025$1,600 $66 $1,666 

(a)Total remaining availability of $1.7 billion as of March 31, 2025, was accessible through revolver draws.

As of December 31, 2024(In millions)Commercial Paper LimitLetters of CreditTotal (a)Total availability$2,600 $150 $2,750 Outstanding debt(880)(82)(962)Remaining availability as of December 31, 2024$1,720 $68 $1,788 

(a)Total remaining availability of $1.8 billion as of December 31, 2024, was accessible through revolver draws.

Presented in the table below is the Company’s total available liquidity:

(In millions)Cash and Cash EquivalentsAvailability on Revolving Credit FacilityTotal Available LiquidityAvailable liquidity as of March 31, 2025$114 $1,666 $1,780 Available liquidity as of December 31, 2024$96 $1,788 $1,884 

 The weighted-average interest rate on AWCC’s outstanding short-term borrowings was approximately 4.63% and 4.65% at March 31, 2025, and December 31, 2024, respectively.

The Company believes that its ability to access the debt and equity capital markets, the revolving credit facility and cash flows from operations will generate sufficient cash to fund the Company’s short-term requirements. The Company believes it has sufficient liquidity and the ability to manage its expenditures, should there be a disruption of the capital and credit markets. However, there can be no assurance that the lenders will be able to meet existing commitments to AWCC under the revolving credit facility, or that AWCC will be able to access the commercial paper or loan markets in the future on acceptable terms or at all. See Note 8—Short-Term Debt in the Notes to Consolidated Financial Statements for additional information.

As of March 31, 2025, the Company had three treasury lock agreements, with a term of 30 years and an aggregate notional amount totaling $130 million, to reduce interest rate exposure on any future debt issuances in 2025. These treasury lock agreements terminate in June 2025