Deal Details

Senior Notes Offering

Energy
Senior Notes Offering

Summary

Baird served as a co-manager on this offering

About

Essential Utilities, Inc. (“Essential Utilities” or “the Company”) (NYSE: WTRG) recently completed an upsized senior notes offering of $500 million 2.704% Senior Notes due 2030 and $600 million 3.351% Senior Notes due 2050. Essential Utilities intends to use the net proceeds received from this offering for the repayment of debt under the Company’s term loan and revolving credit facilities.

Essential Utilities is a Pennsylvania corporation and the holding company for regulated utilities providing water, wastewater and natural gas distribution services to an estimated five million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Kentucky, West Virginia, Indiana and Virginia. Essential Utilities is headquartered in Bryn Mawr, Pennsylvania.
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Energy
Senior Notes Offering
Date
April 2020
Company
Essential Utilities, Inc.
Transaction
M&A
Sectors
Energy
Target Location
North America

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