Unitil prices public offering of 800,000 shares at $50.80 per share, expected net proceeds $38.6M

UNITIL CORP

Offering of 800,000 new shares at $50.80 per share; underwriters have 30-day option for additional 120,000 shares.
Expected net proceeds of $38.6 million (plus up to $5.9M from option) to be used for equity contributions to regulated utilities, debt repayment, and general corporate purposes.
Joint book-running managers: RBC Capital Markets and BofA Securities; co-manager: Janney Montgomery Scott.
Offering expected to close August 6, 2021, subject to customary closing conditions.

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