UNITIL CORP (UTL) Form 8-K — Oct 19, 2026
Unitil Energy Systems, a subsidiary of Unitil Corporation, entered a Bond Purchase Agreement on October 14, 2026 and issued $60 million of First Mortgage Bonds in two series: $30 million of 5.72% Series T bonds due 2036 and $30 million of 5.87% Series U bonds due 2038. The bonds were sold privately to institutional investors including MetLife and State Farm insurance affiliates under Section 4(a)(2), with U.S. Bank Trust Company as trustee. Proceeds will refinance existing debt and/or fund general corporate purposes.
Key figures
- Debt Amount
- 60000000
- Interest Rate
- 5.72
- Maturity Date
- October 14, 2036 (Series T) / October 14, 2038 (Series U)
- Series t coupon
- 5.72% (5.82% post-collateral release)
- Series u coupon
- 5.87% (5.97% post-collateral release)
- Series u maturity
- October 14, 2038
- Series t amount usd
- 30000000
- Series u amount usd
- 30000000
AI analysis
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