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Get filing alertsUnitil issues $60M senior unsecured notes in two series to fund utilities and refinance debt
Filed September 29, 2026 · Period ending September 24, 2026 · ~1 min read
Key Changes
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high
Issued $27M of 5.42% Senior Unsecured Notes due 2031 and $33M of 5.79% Senior Unsecured Notes due 2036 in a private placement to institutional investors.
Item 1.01 verify on EDGAR → -
medium
Net proceeds will be used for capital contributions to utility subsidiaries, refinancing existing debt, and general corporate purposes.
Item 1.01 verify on EDGAR → -
medium
Notes contain customary covenants and events of default; may become immediately due and payable upon an event of default.
Item 1.01 verify on EDGAR → -
low
Offered under Section 4(a)(2) exemption; notes are unregistered and subject to resale restrictions.
Item 1.01 verify on EDGAR → -
medium
The arrangement is also reported as a direct financial obligation under Item 2.03, which incorporates the Item 1.01 disclosure by reference.
Item 2.03 verify on EDGAR →
Summary
Unitil Corporation issued $60 million of senior unsecured notes in a private placement to institutional investors. The issuance consists of two series: $27 million of 5.42% notes due 2031 and $33 million of 5.79% notes due 2036. The company plans to use the net proceeds for capital contributions to its utility subsidiaries, refinancing existing debt, and general corporate purposes.
The notes contain customary representations, warranties, covenants, and events of default for a transaction of this type. Upon an event of default, the notes may become immediately due and payable. The notes were offered under the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, meaning they are not registered with the SEC and are subject to resale restrictions.
This is a routine financing transaction for a utility company, providing capital for regulated operations and debt management. The filing does not indicate any unusual terms or conditions that would raise concerns for investors.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 — Creation of a Direct Financial Obligation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure in Item 1.01 is incorporated by reference into this Item 2.03.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Unitil issued $60M of senior unsecured notes in two series to fund utility subsidiaries, refinance debt, and general purposes.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The Company offered the Notes principally to institutional investors in an offering made pursuant to the exemption from registration requirements under Section 4(a) (2) of the Securities Act of 1933, as amended (“Act”).
The notes were offered in a private placement to institutional investors under Section 4(a)(2) of the Securities Act, meaning they are not registered with the SEC and are subject to resale restrictions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 30, 2026 · How we verify