The Firm represented Essential Utilities, Inc. (NYSE: WTRG), one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states, in connection with its registered offering of $500 million of 5.3% Senior Notes due 2052. The offering closed on May 20, 2022. Essential Utilities intends to use the net proceeds to partially repay certain of its revolving credit facilities.
The Simpson Thacher team included Roxane Reardon, Ryan Bekkerus, Matt Hart and Braxton Pitts (Capital Markets); Michael Isby (Environmental); Jonathan Cantor and Andrew Mandelbaum (Tax); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jessica Cohen, Benjamin Hart and Kate Mirino (Intellectual Property).