Essential Utilities, Inc.’s Registered Senior Notes Offering

Cravath represented the underwriters in connection with the $500 million registered senior notes offering of Essential Utilities, Inc., a holding company for regulated utilities providing water, wastewater or natural gas services to an estimated 5.5 million people in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, and Kentucky under the Aqua and Peoples brands. The transaction closed on March 9, 2026.

The Cravath team included partner Ryan J. Patrone, of counsel Janice T. P. Martindale and associate Asiya Jaffer on capital markets matters; partner Arvind Ravichandran and associate Jonathan Minion on tax matters; and of counsel Annmarie M. Terraciano and associate Star S. Gulant on environmental matters. Yang Hyun (Yanni) Cho also worked on capital markets matters and Ben Gelman worked on tax matters.