secwatch / observer
8-K filed July 11, 2023, 7:59 PM ET ticker UTL CIK 0000755001
debt confidence high sentiment neutral materiality 0.50

UNITIL CORP (UTL): debt financing — Unitil unit issues $25M in senior notes: $12M at 5.70% (2033), $13M at 5.96% (2053)

UNITIL CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UNITIL CORP incurred senior notes of $13.0 million with MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, American Memorial Life Insurance Company at 5.96% maturing July 2, 2053.

Instrument
senior notes
Principal
$13.0 million
Counterparty
MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, American Memorial Life Insurance Company
Rate
5.96%
Maturity
July 2, 2053
Event
incurrence
Exact text from the filing
On July 6, 2023, Fitchburg Gas and Electric Light Company (“Fitchburg”), an electric and natural gas distribution utility subsidiary of Unitil Corporation (the “Company” or the “Registrant”), entered into a Note Purchase Agreement with MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, and American Memorial Life Insurance Company (the “Note Purchase Agreement”) pursuant to which it issued and sold (i) $12.0 million aggregate principal amount of its 5.70% senior unsecured notes due July 2, 2033 (the “Series A Notes”), and (ii) $13.0 million aggregate principal amount of its 5.96% senior unsecured notes due July 2, 2053 (the “Series B Notes”).
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UNITIL CORP incurred senior notes of $12.0 million with MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, American Memorial Life Insurance Company at 5.70% maturing July 2, 2033.

Instrument
senior notes
Principal
$12.0 million
Counterparty
MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, American Memorial Life Insurance Company
Rate
5.70%
Maturity
July 2, 2033
Event
incurrence
Exact text from the filing
On July 6, 2023, Fitchburg Gas and Electric Light Company (“Fitchburg”), an electric and natural gas distribution utility subsidiary of Unitil Corporation (the “Company” or the “Registrant”), entered into a Note Purchase Agreement with MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, and American Memorial Life Insurance Company (the “Note Purchase Agreement”) pursuant to which it issued and sold (i) $12.0 million aggregate principal amount of its 5.70% senior unsecured notes due July 2, 2033 (the “Series A Notes”), and (ii) $13.0 million aggregate principal amount of its 5.96% senior unsecured notes due July 2, 2053 (the “Series B Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

UNITIL CORP entered into Note Purchase Agreement with MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, and American Memorial Life Insurance Company valued at $12.0 million and $13.0 million (effective 2023-07-06).

Action
entry
Agreement
notes offering
Counterparty
MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, and American Memorial Life Insurance Company
Value
$12.0 million and $13.0 million
Effective
2023-07-06
Exact text from the filing
On July 6, 2023, Fitchburg Gas and Electric Light Company (“Fitchburg”), an electric and natural gas distribution utility subsidiary of Unitil Corporation (the “Company” or the “Registrant”), entered into a Note Purchase Agreement with MetLife Reinsurance Company of Hamilton, Ltd., Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, CMFG Life Insurance Company, and American Memorial Life Insurance Company (the “Note Purchase Agreement”) pursuant to which it issued and sold (i) $12.0 million aggregate principal amount of its 5.70% senior unsecured notes due July 2, 2033 (the “Series A Notes”), and (ii) $13.0 million aggregate principal amount of its 5.96% senior unsecured notes due July 2, 2053 (the “Series B Notes”).
View on SEC.gov

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UNITIL CORP filing history →

Source: SEC EDGAR
accession 0001193125-23-185358
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