Financing ·
Unitil subsidiary prices $40M of 5.95% senior notes due 2031 to refinance debt
UTLUnitil Corp
Maine Natural Gas Corporation, a utility subsidiary of Unitil Corporation, issued and sold $40,000,000 of 5.95% Senior Unsecured Notes due October 21, 2031. The proceeds are intended to refinance existing consolidated debt or for general corporate purposes. Concurrently, the company repaid all outstanding amounts under its Amended and Restated Credit Agreement with The Bank of Nova Scotia without penalty. Unitil Corporation operates as a regulated energy utility providing natural gas and water services.