Essential Utilities to sell notes in two tranches due 2030 and 2050

By Devika Patel

Knoxville, Tenn., April 13 – Essential Utilities, Inc. is marketing senior notes in two parts due 2030 and 2050, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature make-whole calls until three months prior to maturity for the 2030 notes and until six months prior to maturity for the 2050 notes and then par calls after those dates.

PNC Capital Markets LLC and RBC Capital Markets Corp. are the bookrunners.

Proceeds are expected to be used to repay debt under the company’s Peoples term loan facility, its March term loan facility and its revolving credit facility and for general corporate purposes.

The company, formerly known as Aqua America, Inc., is a Bryn Mawr, Pa.-based water utility.

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