Simpson Thacher Represents Essential in a $500 Million 364-Day Term Loan Credit Agreement
04.15.20
This is only gets display when printing
Simpson Thacher recently represented Essential Utilities, Inc. (“Essential”) in a $500 million 364-day term loan credit agreement. Essential intends to use the proceeds from the term loans for general corporate purposes, to strengthen its liquidity and cash position, and to maximize its financial flexibility in light of the uncertainty surrounding the impact of the COVID-19 pandemic.
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately five million people across 10 states under the Aqua and Peoples brands.
The Simpson Thacher team included Matthew Einbinder and Andrew Lanius (Banking and Credit).
Simpson Thacher recently represented Essential Utilities, Inc. (“Essential”) in a $500 million 364-day term loan credit agreement. Essential intends to use the proceeds from the term loans for general corporate purposes, to strengthen its liquidity and cash position, and to maximize its financial flexibility in light of the uncertainty surrounding the impact of the COVID-19 pandemic.
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately five million people across 10 states under the Aqua and Peoples brands.
The Simpson Thacher team included Matthew Einbinder and Andrew Lanius (Banking and Credit).