---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-258202"
form_type: "8-K"
ticker: "UTL"
cik: "0000755001"
company_name: "UNITIL CORP"
filed_at: "2022-10-05T23:59:59+00:00"
generated_at: "2026-06-23T05:27:41.963766+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Unitil enters $200M credit facility; $65.5M drawn at 4.215%

## Summary
- $200M borrowing limit, includes $25M letter-of-credit and $15M swingline sublimits.
- Maturity September 29, 2027, with two possible one-year extensions.
- Interest rate based on Term SOFR plus a margin of 1.125%-1.375% (credit-based).
- Initial draw of $65.5M at ~4.215%; proceeds used for general corporate purposes.
- Key financial covenant: Funded Debt to Capitalization not to exceed 65%.

## SEC filing metadata
- accession: 0001193125-22-258202
- form_type: 8-K
- ticker: UTL
- cik: 0000755001
- company_name: UNITIL CORP
- filed_at: 2022-10-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/755001/000119312522258202/0001193125-22-258202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/755001/000119312522258202/d325396d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-258202
- JSON: https://secwatch.observer/filing/0001193125-22-258202.json
- Plain text: https://secwatch.observer/filing/0001193125-22-258202.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.