The Firm represented Essential Utilities, Inc. (NYSE: WTRG) (“Essential”) in connection with its registered offering of $400 million of 2.4% Senior Notes due 2031. The offering closed on April 19, 2021. Essential intends to use the net proceeds to partially repay certain of its revolving credit facilities.
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states.
The Simpson Thacher team included Roxane Reardon, Ryan Bekkerus, Matt Hart, Ben Carson, Sara Daniel and Analilia Gomez (Capital Markets); Michael Isby (Environmental); Jonathan Cantor and Jasmine Hay (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Genevieve Dorment (Intellectual Property).