American Water Works Company, Inc. | 2013 | FY | 3


The following long-term debt was retired through optional redemption or payment at maturity during 2013:

 

Company

  

Type

  

Interest Rate

  

 

Maturity

 

  

Amount

 

American Water Capital Corp. (2)

  

Senior notes—fixed rate

  

 

5.39%-10.00%

  

 

 

2013-2017

  

  

$

476,638

  

Other subsidiaries(3)

  

Private activity bonds and government funded debt—fixed rate

  

 

0.00%-5.50%

  

 

 

2013-2041

  

  

 

17,663

  

Other subsidiaries

  

Mortgage bonds—fixed rate

  

 

6.59%

  

 

 

2013

  

  

 

2,000

  

Other subsidiaries

  

Mandatorily redeemable preferred stock

  

 

8.49%-9.18%

  

 

 

2031-2036

  

  

 

1,650

  

Other

  

Notes payable and other

  

 

 

  

 

 

 

 

  

 

359

  

 Total retirements and redemptions

  

 

  

 

 

  

 

 

 

 

  

$

498,310

  

 

(2)

In September 2013, the Company announced a tender offer for its 6.085% Senior Notes due 2017 (the “Notes”). The offer was contingent upon the satisfaction of certain conditions, which were satisfied during the fourth quarter of 2013. At that time, the Company repurchased $225,800 in aggregate principal amount of Notes that were validly tendered. The Company paid $271,798 to effect the tender, which, in addition to the principal, included $6,603 of accrued interest, a repurchase premium of $39,395, write-off of unamortized debt issuance costs of $525 and transaction fees of $663. The sum of the repurchase premium, the debt issuance amortization and transaction fees equaled the loss on debt extinguishment of $40,583, which is disclosed separately on the accompanying Consolidated Statement of Operations.

(3)

Includes $3,565 of non-cash defeasance via the use of restricted funds.


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