{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-280904","form_type":"8-K","ticker":"CPK","cik":"0000019745","company_name":"CHESAPEAKE UTILITIES CORP","filed_at":"2023-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.484684+00:00","generated_at":"2026-06-07T22:55:58.390262+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Chesapeake Utilities enters $550M note purchase agreement to fund Florida City Gas acquisition","bullets":["$550M principal of senior notes issued in six series with maturities 2026-2038 and interest rates 6.39%-6.73%.","Proceeds will fund $923.4M cash acquisition of Pivotal Utility Holdings (Florida City Gas) from FPL.","Acquisition expected to close in Q4 2023, subject to customary conditions.","Notes are uncollateralized; covenants limit additional debt and liens.","Interest payable semiannually; mandatory prepayments on Series F notes from 2029."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-280904","json":"https://secwatch.observer/filing/0001193125-23-280904.json","markdown":"https://secwatch.observer/filing/0001193125-23-280904.md","text":"https://secwatch.observer/filing/0001193125-23-280904.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/0001193125-23-280904-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/d476278d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:55:58.390262+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ebd55cc8c6227a119e0f05def46565ff2221503","claim":"CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.45% Series 2023-C Senior Notes due December 28, 2028 at 6.45% maturing December 28, 2028.","evidence_excerpt":"$100,000,000 aggregate principal amount of 6.45% Series 2023-C Senior Notes due December 28, 2028","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/0001193125-23-280904-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100,000,000 aggregate principal amount of 6.45% Series 2023-C Senior Notes due December 28, 2028"},{"label":"Rate","value":"6.45%"},{"label":"Maturity","value":"December 28, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1b0694d030d2db05faaea607b10fa492f2afafce","claim":"CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.62% Series 2023-D Senior Notes due December 28, 2030 at 6.62% maturing December 28, 2030.","evidence_excerpt":"$100,000,000 aggregate principal amount of 6.62% Series 2023-D Senior Notes due December 28, 2030","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/0001193125-23-280904-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100,000,000 aggregate principal amount of 6.62% Series 2023-D Senior Notes due December 28, 2030"},{"label":"Rate","value":"6.62%"},{"label":"Maturity","value":"December 28, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"20a1226878fbe4a8072b48e401eadebdfb65013f","claim":"CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.44% Series 2023-B Senior Notes due December 28, 2027 at 6.44% maturing December 28, 2027.","evidence_excerpt":"$100,000,000 aggregate principal amount of 6.44% Series 2023-B Senior Notes due December 28, 2027","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/0001193125-23-280904-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100,000,000 aggregate principal amount of 6.44% Series 2023-B Senior Notes due December 28, 2027"},{"label":"Rate","value":"6.44%"},{"label":"Maturity","value":"December 28, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"76adfe43b0bb964af04029663e6b479575ea27d9","claim":"CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.39% Series 2023-A Senior Notes due December 28, 2026 at 6.39% maturing December 28, 2026.","evidence_excerpt":"$100,000,000 aggregate principal amount of 6.39% Series 2023-A Senior Notes due December 28, 2026","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/0001193125-23-280904-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100,000,000 aggregate principal amount of 6.39% Series 2023-A Senior Notes due December 28, 2026"},{"label":"Rate","value":"6.39%"},{"label":"Maturity","value":"December 28, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c89dd58fd336130288656f8d32da11839c12eb77","claim":"CHESAPEAKE UTILITIES CORP incurred senior notes of $550 million principal amount of uncollateralized senior notes with the purchasers listed in Schedule B thereto (collectively, the \"Purchasers\").","evidence_excerpt":"The Company will fund the purchase price of the Acquisition with the net proceeds of an equity offering and from the issuance of approximately $550 million principal amount of uncollateralized senior notes (the “New Notes”) pursuant to the Note Purchase Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/19745/000119312523280904/0001193125-23-280904-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$550 million principal amount of uncollateralized senior notes"},{"label":"Counterparty","value":"the purchasers listed in Schedule B thereto (collectively, the \"Purchasers\")"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}