secwatch.observer — SEC 8-K summary
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Issuer:     UNITIL CORP (UTL)
CIK:        0000755001
Form:       8-K
Filed at:   2022-10-05T23:59:59+00:00
Accession:  0001193125-22-258202
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/755001/000119312522258202/0001193125-22-258202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/755001/000119312522258202/d325396d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-258202

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