May 14, 2009 (FinancialWire) — American Water Works Co., Inc. (NYSE: AWK), a U.S. water and wastewater utility, said that its operating subsidiary, New Jersey American Water, has closed a private offering of $75 million of its 6.35% first mortgage bonds due 2039 and $25 million of its 5.48% first mortgage bonds due 2019.

The company said it will use the proceeds principally to pay down short-term debt.

Vorhees, New Jersey-based American Water provides drinking water, wastewater and other related services to around 15 million people in 32 states and Ontario, Canada.

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