Deal Details
Essential Utilities Completes $500 Million Senior Notes Offering
Summary
Essential Utilities, Inc. (“Essential Utilities” or the “Company”) (NYSE: WTRG), recently completed a public offering of $500 million of 5.375% unsecured senior notes due 2034. The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit agreement and for other general corporate purposes.
Baird served as a co-manager on this offering.
About
Essential Utilities, Inc. is a Pennsylvania corporation and the holding company for regulated utilities providing water, wastewater or natural gas services to an estimated 5.5 million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia and Kentucky under the Aqua and Peoples brands. Essential Utilities, which prior to its name change in February 2020 was known as Aqua America, Inc., was formed in 1968 as a holding company for its primary subsidiary, Aqua Pennsylvania, formerly known as Philadelphia Suburban Water Company. Essential Utilities is headquartered in Bryn Mawr, Pennsylvania.CONTACT US TO LEARN MORE
- Date
- January 2024
- Company
- Essential Utilities, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
- Target Geography
- North America
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