American Water Works says it closed $60M debt offer to repay cost of infrastructure upgrades

American Water Works closes $60M debt offering

VOORHEES, N.J. — Utility company American Water Works Co. said Friday its financing business closed a 30-year, $60 million taxable debt offering.

The proceeds will be used to repay debt related to infrastructure upgrades in Illinois, Indiana, Tennessee, Maryland, and Long Island, N.Y., the company said. The underwriter of the offering is Edward Jones.