Company: AWK
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001410636-25-000150
Chunk: 125

Company: American Water Works Company, Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 125
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ings authorized for issuance under AWCC’s commercial paper program is $2.6 billion. Subject to satisfying certain conditions, the credit agreement permits AWCC to increase the maximum commitment by up to an aggregate of $500 million.

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Presented in the tables below are the aggregate credit facility commitments, commercial paper limit and letter of credit availability under the revolving credit facility, as well as the available capacity for each:

As of June 30, 2025(In millions)Commercial Paper LimitLetters of CreditTotal (a)Total availability$2,600 $150 $2,750 Outstanding debt(1,591)(84)(1,675)Remaining availability as of June 30, 2025$1,009 $66 $1,075 

(a)Total remaining availability of $1.1 billion as of June 30, 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 June 30, 2025$94 $1,075 $1,169 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 4.59% and 4.65% at June 30, 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