Essential Utilities, Inc. (WTRG) Announces 6.7M Share Common Stock Offering
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Essential Utilities Announces Common Stock Offering
August 10, 2020 4:11 PM EDTBRYN MAWR, Pa.--(BUSINESS WIRE)-- Essential Utilities Inc. (NYSE: WTRG) (Essential) announced today the commencement of a registered underwritten offering of 6,700,000 shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchaser (as defined below) (or its affiliate) from third parties and sold to the underwriter and offered in connection with the forward sale agreement described below. RBC Capital Markets is acting as the sole book-running manager for this offering. The underwriter may offer shares of Essentials common stock from time to time... More
