Chesapeake Utilities issues $80M of 5.43% Senior Notes due 2038 to Prudential

CHESAPEAKE UTILITIES CORP

Aggregate principal of $80 million; annual principal payments of $8.0M start March 14, 2029; final maturity March 14, 2038.
Interest rate 5.43% per annum; quarterly payments commencing June 14, 2023.
Proceeds will reduce short-term borrowings under revolving credit facility and/or fund capital expenditures.
Optional prepayment allowed with premium; acceleration triggers include certain asset value decline below 50% of consolidated total assets.

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