debt
confidence high
sentiment neutral
materiality 0.45
Essential Utilities launches $1B commercial paper program for general corporate purposes
Essential Utilities, Inc.
- Program allows up to $1,000,000,000 aggregate principal of short-term unsecured notes.
- Notes have maturities up to 364 days from issue, ranking pari passu with other unsecured debt.
- Proceeds to fund working capital, capex, water/wastewater acquisitions, or repay existing debt.
- No notes currently outstanding under the program; dealers and issuing agent appointed.
- Notes not registered under Securities Act; offered via exemption under Section 4(a)(2).