Unitil Corp. Enters Material Definitive Agreement
Ticker: UTL · Form: 8-K · Filed: Aug 27, 2024 · CIK: 755001
| Field | Detail |
|---|---|
| Company | Unitil Corp (UTL) |
| Form Type | 8-K |
| Filed Date | Aug 27, 2024 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 9 min |
| Key Dollar Amounts | $20,000,000, $25,000,000, $15,000,000, $12,500,000, $10,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Unitil Corp. just signed a big deal, creating a new financial obligation. Details TBD.
AI Summary
On August 21, 2024, Unitil Corp. entered into a Material Definitive Agreement related to a financial obligation. The filing indicates the creation of a direct financial obligation or an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial obligation are not fully disclosed in this summary.
Why It Matters
This filing signals a significant financial commitment or obligation for Unitil Corp., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The creation of a material definitive agreement and a new financial obligation introduces potential financial risks that require further investigation.
Key Players & Entities
- Unitil Corp. (company) — Registrant
- August 21, 2024 (date) — Date of earliest event reported
- New Hampshire (location) — State of incorporation
- 6 Liberty Lane West, Hampton, New Hampshire 03842-1720 (address) — Principal executive offices
- (603) 772-0775 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the Material Definitive Agreement entered into by Unitil Corp. on August 21, 2024?
The filing states that Unitil Corp. entered into a Material Definitive Agreement, but the specific details of the agreement are not provided in this summary.
What type of financial obligation was created for Unitil Corp.?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
Where are Unitil Corp.'s principal executive offices located?
Unitil Corp.'s principal executive offices are located at 6 Liberty Lane West, Hampton, New Hampshire 03842-1720.
What is the telephone number for Unitil Corp.?
Unitil Corp.'s telephone number, including area code, is (603) 772-0775.
In which state is Unitil Corp. incorporated?
Unitil Corp. is incorporated in New Hampshire.
Filing Stats: 2,366 words · 9 min read · ~8 pages · Grade level 12.7 · Accepted 2024-08-27 16:15:33
Key Financial Figures
- $20,000,000 — ") pursuant to which it issued and sold $20,000,000 of 5.99% Senior Unsecured Notes, Series
- $25,000,000 — ursuant to which it issued and sold (i) $25,000,000 of 5.54% Senior Unsecured Notes, Series
- $15,000,000 — ies 2024A, due August 21, 2034 and (ii) $15,000,000 of 5.74% Senior Unsecured Notes, Series
- $12,500,000 — ursuant to which it issued and sold (i) $12,500,000 of 5.54% Senior Unsecured Notes, Series
- $10,000,000 — ") pursuant to which it issued and sold $10,000,000 of 5.74% Senior Unsecured Notes, Series
- $40,000,000 — ") pursuant to which it issued and sold $40,000,000 of 5.69% First Mortgage Bonds, Series S
Filing Documents
- d227567d8k.htm (8-K) — 52KB
- d227567dex41.htm (EX-4.1) — 438KB
- d227567dex42.htm (EX-4.2) — 15KB
- d227567dex43.htm (EX-4.3) — 430KB
- d227567dex44.htm (EX-4.4) — 13KB
- d227567dex45.htm (EX-4.5) — 14KB
- d227567dex46.htm (EX-4.6) — 434KB
- d227567dex47.htm (EX-4.7) — 13KB
- d227567dex48.htm (EX-4.8) — 14KB
- d227567dex49.htm (EX-4.9) — 407KB
- d227567dex410.htm (EX-4.10) — 14KB
- d227567dex411.htm (EX-4.11) — 539KB
- d227567dex412.htm (EX-4.12) — 71KB
- d227567dex413.htm (EX-4.13) — 34KB
- 0001193125-24-207775.txt ( ) — 3121KB
- utl-20240821.xsd (EX-101.SCH) — 3KB
- utl-20240821_lab.xml (EX-101.LAB) — 17KB
- utl-20240821_pre.xml (EX-101.PRE) — 11KB
- d227567d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Number Exhibit Reference (1) 4.1 (2) Note Purchase Agreement dated August 21, 2024 by and among Unitil Corporation and the several purchasers named therein. Filed herewith 4.2 (3) 5.99% Senior Note, Series 2024, due August 21, 2034, issued by Unitil Corporation to Metropolitan Tower Life Insurance Company. Filed herewith 4.3 (2) Note Purchase Agreement dated August 21, 2024 by and among Northern Utilities, Inc. and the several purchasers named therein. Filed herewith 4.4 (3) 5.54% Senior Note, Series 2024A, due August 21, 2034, issued by Northern Utilities, Inc. to Metropolitan Life Insurance Company. Filed herewith 4.5 (3) 5.74% Senior Note, Series 2024B, due August 21, 2039, issued by Northern Utilities, Inc. to Modern Woodmen of America. Filed herewith 4.6 (2) Note Purchase Agreement dated August 21, 2024 by and among Fitchburg Gas and Electric Light Company and the several purchasers named therein. Filed herewith 4.7 (3) 5.54% Senior Note, Series 2024A, due August 21, 2034, issued by Fitchburg Gas and Electric Light Company to Metlife Reinsurance Company of Hamilton, Ltd. Filed herewith 4.8 (3) 5.99% Senior Note, Series 2024B, due August 21, 2044, issued by Fitchburg Gas and Electric Light Company to Metlife Reinsurance Company of Hamilton, Ltd. Filed herewith 4.9 (2) Note Purchase Agreement dated August 21, 2024 by and among Granite State Gas Transmission, Inc. and the several purchasers named therein. Filed herewith 4.10 (3) 5.74% Senior Note, Series 2024, due August 21, 2034, issued by Granite State Gas Transmission, Inc. to Metropolitan Life Insurance Company. Filed herewith 4.11 (2) Bond Purchase Agreement dated August 21, 2024 by and among Unitil Energy Systems, Inc., U.S. Bank Trust Company, National Association (as trustee), and the several purchasers named therein. Filed herewith 4.12 Seventeenth Supplemental Indenture dated August 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITIL CORPORATION By: /s/ Daniel J. Hurstak Daniel J. Hurstak Senior Vice President, Chief Financial Officer and Treasurer Date: August 27, 2024