Recent Updates — UTL
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.
On October 14, 2026, Unitil Energy Systems, Inc., an electric distribution utility subsidiary of Unitil Corporation, issued and sold $30 million of 5.72% First Mortgage Bonds, Series T, due October 14, 2036, and $30 million of 5.87% First Mortgage Bonds, Series U, due October 14, 2038. The net proceeds are intended to refinance existing debt or for general corporate purposes. Unitil Corporation operates as a regulated electric and natural gas utility.
On September 24, 2026, Unitil Corporation entered into a Note Purchase Agreement to issue $60 million in senior unsecured notes: $27 million of Series 2026A bearing 5.42% interest due September 24, 2031, and $33 million of Series 2026B bearing 5.79% interest due September 24, 2036. The company intends to use the net proceeds for capital contributions to utility subsidiaries, refinancing existing debt, and general corporate purposes. Unitil Corporation operates in the electric and natural gas utility industry.
Unitil Corporation completed the acquisition of AWC-NH and Abenaki from Aquarion Water Authority for $42.1 million in cash, plus approximately $0.6 million for working capital and capital expenditures. The company entered into an Amended and Restated Credit Agreement with The Bank of Nova Scotia with a $86.0 million Tranche A loan and a $50.0 million Tranche B loan. Unitil is a utility company providing natural gas and natural gas distribution services.