debt
confidence high
sentiment neutral
materiality 0.40
Unitil issues $60M senior notes: $27M at 5.42% due 2031, $33M at 5.79% due 2036
UNITIL CORP
- $27,000,000 Series 2026A Senior Unsecured Notes priced at 5.42%, due September 24, 2031; $33,000,000 Series 2026B at 5.79%, due September 24, 2036.
- Purchasers: CoBank ACB, Thrivent Financial for Lutherans, MetLife Reinsurance Company of Hamilton Ltd., Modern Woodmen of America and CMFG Life Insurance Company.
- Net proceeds intended for capital contributions to Unitil's utility subsidiaries, refinancing existing debt and general corporate purposes.
- Note Purchase Agreement dated September 24, 2026; notes sold in a private placement exempt under Section 4(a)(2) and are unregistered.
- Notes are senior unsecured obligations, immediately due upon an event of default; some purchasers already hold other Unitil debt.