American Water Capital Corp. (“AWCC”), a wholly owned finance subsidiary of American Water Works Company, Inc. (NYSE:AWK) (“American Water”), announced today the pricing of $900.0 million aggregate principal amount of its 3.625% Exchangeable Senior Notes due 2026 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). AWCC also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $135.0 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on June 29, 2023, subject to customary closing conditions, and is expected to result in approximately $888.8 million in net proceeds to AWCC after deducting the initial purchasers’ discount but before deducting estimated offering expenses payable by AWCC (assuming no exercise of the initial purchasers’ option to purchase additional notes).
Madison Square Garden Entertainment Corp. Agrees to Sell Majority Interest In Tao Group Hospitality; Transaction Values Tao Group Hospitality At $550M
Madison Square Garden Entertainment Corp. (NYSE:MSGE) ("MSG Entertainment" or "Company") today announced that it has agreed to sell its 66.9% majority interest in Tao Group Hospitality to
