American Water Enterprises, a wholly owned subsidiary of American Water Works Company, together with the other parties have amended certain of the terms and conditions of the Secured Seller Note and related transaction documentation.

The Amended Secured Seller Note was originally issued as part of the approximately $1.275 billion aggregate consideration received by the Company for the sale of all of the equity interests in entities comprising the Company’s former Homeowner Services Group (HOS) Lakehouse Buyer Inc. as borrower (the Borrower) and an indirect wholly owned subsidiary of funds advised by Apax Partners LLP (Apax) The parties have amended certain of the terms and conditions of the . Secured . Seller Note to increase the . principal amount from $720 million to $795 million (the Loan) in full satisfaction of the Borrowers requirement to make the contingent cash payment of $75 million to Lender as required under the terms of the HOS sale agreement (the HOS Contingent Payment). In addition the annual interest rate payable . has increased from 7.00% per year to 10.00%. The final maturity date of the Secured.



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Photo by Andrea Piacquadio courtesy Pexels


Note remains December 9 2026 (December 9 2022) The . final maturity of the Amended secured . Note is intended to facilitate a . proposed acquisition of a complementary business by the B .orrower . upon . consummation of which Apax will contribute or cause to be contributed approximately $87 million of additional equity capital to the . Borrowinger . Apax would contribute or . cause to an additional $50 million to the “Borrower Acquisition” to Apax . The Borroweder Acquisition . The Company” (January 2,

Price Summary

On 2024-02-02, the price of American Water Works Company, Inc. opened at 123.27 and closed at 123.36 making a low of 122.27 and a high of 124.96 and the volume was at 1201200.

The 52-week high for the stock is 156.41 while the 52-week low is 115.5.

Future price for AWK is expected to range between 126.0 and 169.0, with a mean price expectation of about 145.47 as per recommendations from 10 analysts.

Technicals

The current price of 123.36 finds support at 122.22 and resistance at 125.3. The recent price move is approaching support.

AWK supportResistance 15dd50
Support/Resistance for AWK


The PSAR continues to be bullish in its current outlook.

AWK psar 15dd50
Parabolic Stop and Reverse chart for American Water Works Company, Inc.