{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-262797","form_type":"8-K","ticker":"UTL","cik":"0000755001","company_name":"UNITIL CORP","filed_at":"2025-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.092415+00:00","generated_at":"2026-05-17T00:59:48.399113+00:00","sec_items":["1.01","8.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Unitil completes acquisition of Maine Natural Gas for $86M plus ~$7.1M working capital","bullets":["Purchase price $86.0M plus ~$7.1M for working capital; funded via $86M term loan from Scotiabank.","Maine Natural serves ~6,300 natural gas customers in Greater Portland and Augusta, ME; rate base ~$69.0M as of Dec 2024.","Unitil now serves ~213,300 customers across ME, NH, MA; acquisition complements existing gas distribution in Maine.","Credit Agreement with Scotiabank: $86M limit, due Oct 2026, interest at Term SOFR + 1.25% or prime + 0.25%, financial covenant: funded debt to capitalization ≤65%.","Transition Services Agreement with Avangrid for up to 12 months to ensure operational continuity."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-262797","json":"https://secwatch.observer/filing/0001193125-25-262797.json","markdown":"https://secwatch.observer/filing/0001193125-25-262797.md","text":"https://secwatch.observer/filing/0001193125-25-262797.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/755001/000119312525262797/0001193125-25-262797-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/755001/000119312525262797/d38770d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:59:48.399113+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":"0546e2c717840f95a59c87725793cdf932b67c1e","claim":"UNITIL CORP incurred credit facility of $86 million with The Bank of Nova Scotia at Term SOFR plus 0.1000% plus a margin of 1.25% or prime rate plus 0.25% maturing October 31, 2026.","evidence_excerpt":"(the “ Credit Agreement ”): Unitil; The Bank of Nova Scotia, as agent; and The Bank of Nova Scotia, as lender (the “ Lender ”). The Credit Agreement has a borrowing limit of $86 million. Subject to certain notice requirements, Unitil may irrevocably reduce or terminate the unutilized portion of the commitments under the Credit Agreement at any time without","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/755001/000119312525262797/0001193125-25-262797-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$86 million"},{"label":"Counterparty","value":"The Bank of Nova Scotia"},{"label":"Rate","value":"Term SOFR plus 0.1000% plus a margin of 1.25% or prime rate plus 0.25%"},{"label":"Maturity","value":"October 31, 2026"},{"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"}