secwatch.observer — SEC 8-K summary
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Issuer:     UNITIL CORP (UTL)
CIK:        0000755001
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0001193125-25-020122
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unitil closes $71.2M purchase of Bangor Natural Gas; expands credit facility to $275M
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- Acquired Bangor Natural Gas from PHC Utilities for $70.9M in cash plus ~$0.3M working capital adjustment.
- Bangor adds ~8,500 customers, 351 miles distribution & 9 miles transmission pipelines to Unitil's system.
- Unitil now serves ~207,000 customers across Maine, New Hampshire, and Massachusetts.
- Increased revolving credit facility from $200M to $275M and extended term to September 29, 2028.
- Acquisition received Maine Public Utilities Commission approval; all conditions met as of January 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/755001/000119312525020122/0001193125-25-020122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/755001/000119312525020122/d900757d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-020122

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