Loan & DebtMay 5, 2026, 04:34 PM
Unitil Subsidiary Issues $40M Senior Unsecured Notes
AI Summary
Fitchburg Gas and Electric Light Company, a subsidiary of Unitil Corporation, issued $40 million in senior unsecured notes through a private placement. The notes consist of $23 million of 5.62% Series 2026A notes due 2036 and $17 million of 5.87% Series 2026B notes due 2041. The proceeds from this long-term financing will be used to refinance existing debt and for general corporate purposes.
Key Highlights
- Unitil subsidiary, Fitchburg Gas and Electric Light Company, issued $40 million in senior unsecured notes.
- $23 million of 5.62% Senior Unsecured Notes, Series 2026A, due April 30, 2036.
- $17 million of 5.87% Senior Unsecured Notes, Series 2026B, due April 30, 2041.
- Proceeds will be used to refinance existing debt and/or for general corporate purposes.
- Notes were offered to institutional investors under a private placement exemption.
Price Impact
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