M&A - EVERSOURCE ENERGY
Form Type: 8-K
Filing Date: 2025-01-28
Corporate Action: Acquisition
Type: New
Accession Number: 000110465925006447
Filing Summary: Eversource Energy has signed a Purchase and Sale Agreement on January 27, 2025, to sell its wholly-owned subsidiary, Aquarion Water Company, to Aquarion Water Authority (AWA), a quasi-public corporation in Connecticut. The transaction is valued at approximately $2.4 billion, consisting of $1.6 billion in cash and $800 million in net debt that will be extinguished upon closing. The acquisition is subject to regulatory approval from relevant authorities and is expected to close in 2025. A press release detailing this transaction is attached as Exhibit 99.1 in the filing.
Additional details:
Date Of Report: January 27, 2025
Subsidiary Sold: Aquarion Water Company
Acquirer: Aquarion Water Authority
Transaction Value: $2.4 billion
Cash Component: $1.6 billion
Debt Extinguished: $800 million
Closing Conditions: regulatory approval from Connecticut Public Utilities Regulatory Authority, Massachusetts Department of Public Utilities, New Hampshire Public Utilities Commission, Hart-Scott-Rodino Antitrust Improvements Act
Expected Closing Year: 2025
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