Unitil announces $65M common stock offering

Unitil (UTL) Corporation announced a registered offering of $65M of shares of its common stock. The company intends to use the net proceeds from the offering to (i) make equity capital contributions to its regulated utility subsidiaries, (ii) to repay indebtedness outstanding under its Second Amendment to Third Amended and Restated Credit Agreement dated January 29, 2025 among the company, Bank of America, and the lenders named therein and (iii) for general corporate purposes. Wells Fargo Securities and Scotia Capital are acting as active bookrunners for the offering. Janney Montgomery Scott is acting as bookrunner for the offering.