Unitil unit Fitchburg sells $40 million in senior notes due 2036 and 2041
On April 30, 2026, Fitchburg Gas and Electric Light Company, a Unitil subsidiary, issued $40 million of senior unsecured notes to State Farm and CoBank under a note purchase agreement. The company plans to use the proceeds to refinance existing debt and/or for general corporate purposes, which adds long-term debt at the subsidiary level.
Key points
- Series 2026A: $23 million at 5.62%, due April 30, 2036
- Series 2026B: $17 million at 5.87%, due April 30, 2041
- Purchasers named are State Farm Life Insurance Company, State Farm Life and Accident Assurance Company and CoBank, ACB
- Proceeds planned for refinancing existing Unitil debt and/or general corporate purposes
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.