Oct 26, 4:30 PM ET
Unitil's subsidiary Maine Natural Gas issued $40 million of 5.95% senior unsecured notes due October 21, 2031, and the parent repaid all outstanding amounts under its Bank of Nova Scotia credit agreement on October 22, 2026. The notes are intended to refinance existing company debt and for general corporate purposes, and the repayment of the credit facility is a financing refinancing step with no reported change in earnings or guidance.
- Maine Natural Gas Corporation sold $40,000,000 of 5.95% Senior Unsecured Notes due October 21, 2031, under a Note Purchase Agreement dated October 21, 2026.
- Unitil repaid all outstanding amounts under its Amended and Restated Credit Agreement with The Bank of Nova Scotia on October 22, 2026, without premium or penalty.
- The credit agreement had a borrowing limit of $86.0 million for tranche A and $50.0 million for tranche B, and the company may not reborrow repaid amounts.
- Net proceeds are planned for refinancing existing debt of the company and/or general corporate purposes.
Read the filing on SEC.gov ↗
Oct 19, 4:30 PM ET
Unitil Energy Systems, a subsidiary of Unitil Corporation, sold $60 million of first mortgage bonds on October 14, 2026, in two series: $30 million at 5.72% due 2036 and $30 million at 5.87% due 2038. The company plans to use the proceeds to refinance existing debt and for general corporate purposes, and the bonds carry a fall-away collateral release that would raise the coupons by 0.10 percentage points.
- Series T: $30 million, 5.72% coupon, due October 14, 2036
- Series U: $30 million, 5.87% coupon, due October 14, 2038
- Coupons rise to 5.82% (Series T) and 5.97% (Series U) if collateral is released, per the filing
- Proceeds planned for refinancing existing debt and general corporate purposes
Read the filing on SEC.gov ↗
Sep 29, 4:30 PM ET
Unitil Corporation entered a Note Purchase Agreement on September 24, 2026, selling $27 million of 5.42% notes due 2031 and $33 million of 5.79% notes due 2036, totaling $60 million. The company plans to use the proceeds to make capital contributions to its utility subsidiaries, refinance existing debt and for general corporate purposes, which adds long-term debt to its balance sheet.
- Series 2026A: $27 million of 5.42% senior unsecured notes due September 24, 2031
- Series 2026B: $33 million of 5.79% senior unsecured notes due September 24, 2036
- Proceeds planned for capital contributions to utility subsidiaries, debt refinancing and general corporate purposes
- Notes sold privately to institutional investors under Section 4(a)(2) and are not registered under the Securities Act
Read the filing on SEC.gov ↗
Jul 7, 4:30 PM ET
Unitil Corporation completed its purchase of Aquarion Water Company of New Hampshire and Abenaki Water Co. from the Aquarion Water Authority on June 30, 2026. The purchase price was $55.8 million, including about $13.7 million of assumed debt, and the company funded it with a term loan from Scotiabank under an amended and restated credit agreement. The company said the acquisition is expected to be earnings accretive over the long term, but the filing gives no figures for near-term results.
- The acquired systems include about 150 miles of water distribution mains and serve about 11,000 customers in eight New Hampshire communities.
- Purchase price was $55.8 million, including $13.7 million of assumed debt, plus about $0.6 million for estimated working capital and reimbursable capital expenditures.
- The credit agreement includes a $50.0 million Tranche B loan for these acquisitions, with amounts due June 30, 2027; Unitil borrowed $42.7 million on June 30, 2026.
- Amendment No. 4, dated June 30, 2026, limited the purchase to Aquarion Water Company of New Hampshire and Abenaki Water Co.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
