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News & Insights

Essential Utilities, Inc.’s $1.1 Billion Registered Senior Notes Offering

May 04, 2020

Cravath represented the underwriters, led by PNC Capital Markets LLC and RBC Capital Markets, in connection with the $1.1 billion registered senior notes offering of Essential Utilities, Inc., a holding company for regulated utilities providing water, wastewater and natural gas distribution services to an estimated five million people. Essential Utilities, Inc. was formerly known as Aqua America, Inc. The transaction closed on April 15, 2020.

The Cravath team included partner Stephen L. Burns and associates Ryan J. Patrone, Madeleine S. Shiff and Peter Y. Shin on securities matters, associate Rory M. Minnis on tax matters, and associate Dixing Tang on executive compensation and benefits matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Executive Compensation and Benefits

People

Photo
Name
Stephen L. Burns
Title
Corporate
Title
Retired Partner
Email
sburns@cravath.com
Phone
+1-212-474-1146
vCard
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    Education

    • J.D., 1990, The University of Texas School of Law
      with Honors
    • B.B.A., 1987, University of Oklahoma
      with Distinction

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