This is a routine debt refinancing by a regulated utility subsidiary with no equity dilution. Monitor Unitil's upcoming earnings for any larger capital structure changes, but this issuance alone is not a trading catalyst.
Price Chart
Executive Summary
Unitil's subsidiary Fitchburg Gas and Electric Light Company issued $40M of senior unsecured notes in a private placement to refinance existing debt and for general corporate purposes. The transaction is a routine long-term financing for a regulated utility and has no material impact on Unitil's equity or operations.
Key Financial Metrics
Key Facts
- Issued $23M of 5.62% Senior Notes due 2036 (Series A) and $17M of 5.87% Senior Notes due 2041 (Series B).
- Purchasers include State Farm Life Insurance Company, State Farm Life and Accident Assurance Company, and CoBank, ACB.
- Proceeds to be used for refinancing existing debt and/or general corporate purposes.
- Notes are unsecured and rank pari passu with other senior unsecured debt.
- Transaction was exempt from registration under Section 4(a)(2) of the Securities Act.
Financial Impact
Total debt increase of $40M at fixed rates of 5.62% and 5.87% with maturities in 2036 and 2041.
Risk Factors
- Increase in consolidated leverage from additional $40M debt.
- Fixed interest rates may be above market if rates decline.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000755001-26-000012 |
| Document: utl-20260430.htm | 0000755001-26-000012 |
| Document: utl-ex4_3.htm | 0000755001-26-000012 |
| Document: utl-ex4_2.htm | 0000755001-26-000012 |
| Document: 0000755001-26-000012-index-headers.html | 0000755001-26-000012 |
| Document: 0000755001-26-000012-index.html | 0000755001-26-000012 |
| Document: 0000755001-26-000012.txt | 0000755001-26-000012 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $55.27 | awaiting T+60 | — | $55.27 (+0.00%) |
Oct 19, 2026 7d ago | 8-K | $53.70 | awaiting T+60 | — | $55.27 (+2.92%) |
Aug 3, 2026 12w ago | Press Release | $53.61 | awaiting T+60 | — | $55.27 (+3.10%) |
Jun 30, 2026 16w ago | Press Release | $52.45 $50.84 | ▼ −3.07% | ▼ −5.94% | $55.27 (+5.38%) |
May 27, 2026 21w ago | 8-K | $51.04 $53.17 | ▲ +4.17% | ▲ +2.44% | $55.27 (+8.29%) |
May 5, 2026 24w ago | 8-K | $49.28 $53.94 | ▲ +9.46% | ▲ +7.40% | $55.27 (+12.16%) |
Apr 29, 2026 25w ago | 8-K | $51.63 $55.58 | ▲ +7.64% | ▲ +3.53% | $55.27 (+7.04%) |
Apr 21, 2026 26w ago | Press Release | $51.75 $54.41 | ▲ +5.14% | ▼ −1.76% | $55.27 (+6.80%) |
Feb 24, 2026 34w ago | 8-K | $51.84 $51.33 | ▼ −0.98% | ▼ −7.93% | $55.27 (+6.62%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers