8-KThe WireRoutine
Company Update
Filed Mar 19, 2025 · 1y ago · Accession 0001552781-25-000089
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_____________
FORM
8-K
_____________
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
_____________
Date
of report (Date of earliest event reported): March
19, 2025
_____________
Essential
Utilities, Inc.
(Exact Name of Registrant Specified in Charter)
Pennsylvania
001-06659
23-1702594
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
762
West Lancaster Avenue
Bryn
Mawr , Pennsylvania
19010-3489
(Address of Principal Executive
Offices)
(Zip Code)
Registrant’s
telephone number, including area code: (610) 527-8000
_____________
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
stock, $.50 par value
WTRG
New
York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On March 19, 2025, Essential Utilities, Inc. (the
“Company”) established a commercial paper program (the “Program”), pursuant to which it may issue short-term,
unsecured commercial paper notes (the “Notes”) under the exemption from registration contained in Section 4(a)(2) of the Securities
Act of 1933, as amended (the “Securities Act”). Amounts available under the Program may be borrowed, repaid and re-borrowed
from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $1,000,000,000.
The Notes will have maturities of up to 364 days from the date of issue. The Notes will rank at least pari passu with all other unsecured
and unsubordinated indebtedness of the Company. No Notes are currently outstanding under the Program. The Company intends to use the net
proceeds from the sale of the Notes for general corporate purposes, which may include working capital, capital expenditures, water and
wastewater utility acquisitions and repaying outstanding indebtedness, including under the Company’s revolving credit facility or
the revolving credit facilities of its subsidiaries.
One or more commercial paper dealers will each act
as a dealer under the Program (each, a “Dealer”) pursuant to the terms and conditions of the respective commercial paper dealer
agreement entered into between the Company and each Dealer. A national bank will act as issuing and paying agent under the Program pursuant
to the terms of an issuing and paying agent agreement.
The Notes have not been and will not be registered
under the Securities Act or any state securities laws, and may be offered or sold in the United States only in compliance with an applicable
exemption from registration requirements of the Securities Act and applicable state laws. The information contained in this Current Report
on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any Notes.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ESSENTIAL
UTILITIES, INC.
Dated: March 19, 2025
By:
/s/
Christopher P. Luning
Name:
Christopher
P. Luning
Title:
Executive Vice President, General Counsel
Filing details
- Company
- Essential Utilities, Inc.
- Ticker
- WTRG
- CIK
- 78128
- Form type
- 8-K
- Filing date
- Mar 19, 2025
- Report date
- Mar 19, 2025
- Document
- e25106_wtrg-8k.htm
- Size
- 192 KB