---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-178604"
form_type: "8-K"
ticker: "UTL"
cik: "0000755001"
company_name: "UNITIL CORP"
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:33:37.687419+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Unitil to acquire Bangor Natural Gas for $70.9M; expects close by Q1 2025

## Summary
- Purchase price of $70.9M in cash (debt-free basis, subject to working capital adjustments).
- Bangor serves ~8,500 customers in Maine with 351 miles of distribution pipelines.
- Enterprise value ~1.2x Bangor's estimated 2023 rate base.
- Committed $71M senior unsecured term loan from Scotiabank; 65% debt-to-cap covenant.
- Transaction requires Maine PUC approval; expected to close by end of Q1 2025.

## SEC filing metadata
- accession: 0001193125-24-178604
- form_type: 8-K
- ticker: UTL
- cik: 0000755001
- company_name: UNITIL CORP
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/755001/000119312524178604/0001193125-24-178604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/755001/000119312524178604/d786482d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-178604
- JSON: https://secwatch.observer/filing/0001193125-24-178604.json
- Plain text: https://secwatch.observer/filing/0001193125-24-178604.txt

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