Financing ·
Chesapeake Utilities closes $150M of senior notes due 2029-2036 with $100M expected to fund in December
CPKChesapeake Utilities Corp
Chesapeake Utilities Corporation executed a Note Purchase Agreement on November 10, 2026, authorizing the sale of $250 million in aggregate principal amount of unsecured senior notes. The company closed and funded $150 million immediately, consisting of $150 million of 5.84% Series 2026-A Senior Notes due March 15, 2032. An additional $100 million is expected to fund on or about December 10, 2026, comprising $50 million of 5.74% Series 2026-B Senior Notes due December 10, 2029, and $50 million of 6.09% Series 2026-C Senior Notes due December 10, 2036. The notes carry semiannual interest payments and include customary covenants limiting additional indebtedness and liens. Chesapeake Utilities Corporation operates as a regulated utility providing natural gas distribution and electric transmission services in the Mid-Atlantic region.