Unitil unit Bangor Natural Gas sells $32 million of senior notes in private placement
Bangor Natural Gas Company, a natural gas distribution subsidiary of Unitil Corporation, issued $14 million of 5.70% senior unsecured notes due 2030 and $18 million of 6.31% senior unsecured notes due 2035 under a Note Purchase Agreement dated July 8, 2025 with CoBank, ACB and United of Omaha Life Insurance Company. The company plans to use the net proceeds to refinance existing debt on a consolidated basis and for general corporate purposes, which adds $32 million of long-term debt obligations.
Key points
- $14 million of 5.70% Senior Unsecured Notes, Series 2025A, due July 8, 2030, issued to CoBank, ACB.
- $18 million of 6.31% Senior Unsecured Notes, Series 2025B, due July 8, 2035, issued to United of Omaha Life Insurance Company.
- Net proceeds will refinance existing Company debt on a consolidated basis and fund general corporate purposes.
- The notes were offered principally to institutional investors under Section 4(a)(2) and are not registered under the Securities Act of 1933.
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 July 14, 2025.
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