By Sarah Lizee
Olympia, Wash., Sept. 17 – Unitil Corp.’s natural gas distribution subsidiary, Northern Utilities, Inc., completed a $10 million private placement of 4.04% series 2019 senior notes due Sept. 12, 2049, according to an 8-K filed with the Securities and Exchange Commission.
Purchasers included Pacific Life Insurance Co. and United of Omaha Life Insurance Co.
Proceeds will be used to repay short-term debt and for general corporate purposes.
Unitil is a gas and electric utility based in Hampton, N.H.
| Issuer: | Unitil Energy Systems, Inc.
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| Issue: | Series 2019 senior notes
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| Amount: | $10 million
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| Maturity: | Sept. 12, 2049
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| Coupon: | 4.04%
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| Settlement date: | Sept. 12
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| Purchasers: | Pacific Life Insurance Co. and United of Omaha Life Insurance Co.
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| Distribution: | Private placement
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