American Water Works Company, Inc., the largest publicly traded U.S. water and wastewater utility company, announced today that its financing subsidiary, American Water Capital Corp., and its lenders have agreed to increase the commitments under its revolving credit facility. The commitments in the revolving credit facility have been increased from $1 billion to $1.25 billion under its original terms. In addition, $1.1 billion of this facility has been extended from its original termination date of October 2017 to October 2018. The increased and extended credit facility will be used for general corporate purposes. Other than the extension of the maturity date and the increased amount of the facility, the terms and conditions of the facility are unchanged.

The company also announced that it will increase its commercial paper program from $700 million to $1 billion. The revolving credit facility, along with the company's commercial paper program and cash from operations, provide for the company's near term financial liquidity.

Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs approximately 6,700 dedicated professionals who provide drinking water, wastewater and other related services to an estimated 14 million people in more than 30 states as well as parts of Canada.