other_material
confidence high
sentiment neutral
materiality 0.60
Unitil Corporation prices public offering of 1.39 million shares of common stock at $46.65 per share
UNITIL CORP
- Unitil entered into an underwriting agreement to sell 1,393,355 shares at $46.65 per share, expecting net proceeds of approximately $62 million.
- Underwriters include Wells Fargo Securities, Scotia Capital (USA) Inc., and Janney Montgomery Scott LLC.
- Net proceeds will be used for equity contributions to regulated utility subsidiaries, repayment of credit facility, and general corporate purposes.
- Offering expected to close August 18, 2025; underwriters granted option to purchase up to 209,003 additional shares.
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