One-Page Deal Sheet
Rex Sells Water-Focused Subsidiaries for $130 Million
American Water Works Company Inc. Rex Energy Corp
Announced Date
June 18,2015
Close Date
July 08,2015
Transaction Type
Asset
Transaction Details: Subscribe to see
Closing Announcement - June 8, 2015
Rex Energy Corporation reported that it, together with its partners in Water Solutions Holdings, LLC, has closed on the previously announced sale of Water Solutions to American Water Works Company, Inc.
The sale of Water Solutions includes all subsidiaries, including Keystone Clearwater Solutions. Rex Energy, which held a 60% interest in Water Solutions, is selling its entire interest and received net proceeds from the sale of approximately $67 million. The proceeds will be used to pay down the revolving line of credit and for general corporate purposes.
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