By Devika Patel
Knoxville, Tenn., Dec. 4 – Unitil Corp.’s electric utility subsidiary, Unitil Energy Systems, Inc., completed a $30 million private placement of 4.18%. series Q first mortgage bonds due 2048 on Nov. 30, according to an 8-K filed with the Securities and Exchange Commission. The deal priced on Aug. 30.
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.
|
| Issue: | Series Q first mortgage bonds
|
| Amount: | $30 million
|
| Maturity: | 2048
|
| Coupon: | 4.18%
|
| Pricing date: | Aug. 30
|
| Settlement date: | Nov. 30
|
| Distribution: | Private placement
|
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