secwatch.observer — SEC 8-K summary
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Issuer:     CHESAPEAKE UTILITIES CORP (CPK)
CIK:        0000019745
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0001193125-22-257600
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19745/000119312522257600/0001193125-22-257600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19745/000119312522257600/d336280d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-257600

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