Company: AWK
Filing Date: 2025-10-27
Form Type: 425
Source: 0001193125-25-250649
Chunk: 92

Company: American Water Works Company, Inc.
Filing Date: 2025-10-27
Form: 425
Chunk 92
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 to any Indebtedness, other
than (A) in the ordinary course of business consistent with past practice, (B) Indebtedness incurred by any Parent Subsidiary under any loan permitted by , (C) in connection with a refinancing of
existing Indebtedness on commercially reasonable terms, (D) for borrowings under Parent’s and any Parent Subsidiary’s existing commercial paper programs or revolving credit facilities, (E) guarantees and other credit support
(including pursuant to support agreements) by Parent of existing Indebtedness of any wholly owned Parent Subsidiary in the ordinary course of business or (F) guarantees and other credit support by any Parent Subsidiary of obligations of any
wholly owned Parent Subsidiary in the ordinary course of business; that, in the case of each of clauses (A) through (F), (1) such actions are not reasonably likely to cause any of Fitch Ratings, Inc., S&P Global Ratings or
Moody’s Investors Service to recognize Parent’s corporate credit rating to be less than investment grade and (2) in no event shall any Indebtedness incurred pursuant to this or any
amendment, modification or waiver to any Indebtedness include any term or provision pursuant to which the consummation of the Merger or the other Transactions would reasonably be expected to result in a breach, default or event of default with
respect to such Indebtedness or permit the holders of any Indebtedness of Parent or any Parent Subsidiary to accelerate payment of such Indebtedness or require Parent or any Parent Subsidiary to voluntarily or involuntarily redeem, replace or repay
such Indebtedness prior to its scheduled maturity;

(viii) . (A) Acquire
(whether by merger, consolidation, purchase or otherwise) any water or wastewater assets or any equity interests therein, or make investments in any other Person owning, operating or controlling such assets, in each case, except (1) in the
ordinary course of business and consistent with past practice or (2) acquisitions of such assets that are reasonably expected to be included in the rate base of an applicable Regulated Parent Subsidiary, (B) acquire (whether by merger,
consolidation, purchase or otherwise) any assets that are not water or wastewater assets or any equity interests therein, or make investments in any other Person owning, operating or controlling such assets, or (C) enter