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.
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Issue: | Series Q first mortgage bonds
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Amount: | $30 million
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Maturity: | 2048
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Coupon: | 4.18%
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Pricing date: | Aug. 30
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Settlement date: | Nov. 30
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Distribution: | Private placement
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