UNITIL CORP (UTL) Form 8-K — Oct 26, 2026
$UTLForm 8-KItems 1.01, 1.02, 2.03, 9.01Filed Oct 26, 2026, 4:30 PM ET0000755001-26-000035Original filing
Unitil's subsidiary Maine Natural Gas Corporation issued $40 million of 5.95% senior unsecured notes due October 21, 2031 in a private placement to Lincoln National entities and CoBank on October 21, 2026. Proceeds will refinance existing consolidated debt and/or fund general corporate purposes. On October 22, 2026, Unitil repaid all outstanding amounts under its June 30, 2026 credit agreement with The Bank of Nova Scotia without premium or penalty.
Key figures
- Debt Amount
- 40000000
- Interest Rate
- 5.95
- Maturity Date
- October 21, 2031
- Default interest rate
- greater of 7.95% or 2% over Bank of America prime
- Dividend basket fixed component
- $120,000,000
- Repaid credit facility limit tranche a
- $86.0 million
- Repaid credit facility limit tranche b
- $50.0 million
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