UNITIL CORP (UTL): debt financing — Unitil to acquire three water utilities from Aquarion Water Authority for $100M

UNITIL CORP

Purchase price $100M includes ~$30M assumed debt; acquisition expected to close in late 2025.
Aquarion Companies serve ~23,000 customers across 15 communities in MA and NH; rate base ~$78M (2024).
Transaction is expected to be earnings accretive over the long term, supporting 5%-7% EPS growth.
Debt financing committed from Scotiabank via $100M senior unsecured delayed-draw term loan facility.
Regulatory approvals needed from MA, NH, and ME public utilities commissions.

item 1.01 item 2.03 item 7.01 item 9.01

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 term loan of $100.0 million with The Bank of Nova Scotia at unknown maturing unknown.

Instrument: term loan
Principal: $100.0 million
Counterparty: The Bank of Nova Scotia
Event: incurrence

Exact text from the filing

Pursuant to, and subject to the terms and conditions of, the Debt Commitment Letter, The Bank of Nova Scotia has committed to provide a $100.0 million senior unsecured delayed-draw term loan facility.

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UNITIL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-117855

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