Aqua America’s $1.3 Billion Common Stock Offering and Concurrent $690 Million Offering of Tangible Equity Units
May 06, 2019
Cravath represented the underwriters, led by Goldman Sachs & Co. LLC and RBC Capital Markets, in connection with the $1.3 billion common stock offering and the $690 million tangible equity units offering of Aqua America, a holding company for regulated utilities providing water or wastewater services. Proceeds of the offering are anticipated to be used to finance the pending acquisition of Peoples Natural Gas Company LLC. The transactions closed on April 23, 2019.
The Cravath team included partners Stephen L. Burns and Andrew J. Pitts, associates Ryan J. Patrone, Julia H. Rhieu and Peter Y. Shin and foreign associate attorney Henry J. Cairns on securities matters; senior attorney Annmarie M. Terraciano on environmental matters; and associates Richard Bohm, Andrew T. Davis and Rory M. Minnis on tax matters.
Related Practices & Industries
People
- Photo
-
-
M.B.A., 1995, Boston Universitywith High Honors
-
J.D., 1994, Boston University School of Lawsumma cum laude
-
B.A., 1988, Trinity College
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
-
M.S., 1994, University of Wisconsin - Madison
-
B.A., 1989, Wellesley Collegecum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 1990, The University of Texas School of Lawwith Honors
-
B.B.A., 1987, University of Oklahomawith Distinction
Education
Related News & Insights
Deals & Cases
December 24, 2025
Acushnet Company’s High‑Yield Senior Notes Offering
Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Acushnet Company, a wholly‑owned subsidiary of Acushnet Holdings Corp., a global leader in the design, development, manufacture and distribution of performance‑driven golf products. The transaction closed on November 24, 2025.
Deals & Cases
December 17, 2025
Smurfit Westrock’s Registered Senior Notes Offerings
Cravath represented the underwriters in connection with the $800 million registered senior notes offering of Smurfit Westrock Financing DAC and the €500 million registered senior notes offering of Smurfit Kappa Treasury Unlimited Company, each a wholly owned subsidiary of Smurfit Westrock plc, one of the world's largest integrated manufacturers of paper‑based packaging products. The notes are expected to be listed on Euronext Dublin. The transactions closed on November 21, 2025, and November 24, 2025, respectively.
Deals & Cases
December 16, 2025
Graham Holdings Company’s Senior Notes Offering
Cravath represented Graham Holdings Company in connection with its $500 million 144A/Reg. S senior notes offering. Graham Holdings Company is a diversified holding company whose operations include educational services, television broadcasting, manufacturing, healthcare, automotive dealerships and other businesses. The transaction closed on November 24, 2025.
Deals & Cases
December 15, 2025
Enerflex Inc.’s High‑Yield Senior Notes Offering
Cravath represented Enerflex Inc. in connection with its $400 million 144A/Reg. S high‑yield senior notes offering. Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low‑carbon and treated water solutions – from individual, modularized products and services to integrated custom solutions. The transaction closed on December 11, 2025.
