Unitil Completes $74.8 Million Stock Offering
ByAinvest
Monday, Aug 18, 2025 5:21 pm ET1min read
UTL--
Unitil Corporation, a leading public utility holding company, has successfully closed a $74.8 million stock offering. The company, which specializes in the local distribution of electricity and natural gas in New Hampshire, Massachusetts, and Maine, has completed the sale of 1,393,355 shares of its common stock at a price of $46.65 per share [1].
The offering, which was priced on August 14, 2025, was led by Wells Fargo Securities, LLC, and Scotia Capital (USA) Inc. as active bookrunners, with Janney Montgomery Scott LLC also participating as a bookrunner. The offering was conducted under the company’s effective registration statement on Form S-3ASR as filed with the SEC [2].
Unitil plans to utilize the proceeds from this offering in several strategic ways. Firstly, it aims to contribute equity capital to its regulated utility subsidiaries, which will strengthen their operational capabilities. Secondly, part of the funds will be directed towards repaying existing debts under its credit agreement. This judicious approach will bolster the company’s financial footing and flexibility [1].
The company, which operates through two segments—utility electric operations and utility gas operations—serves over 209,000 customers across its service areas. Unitil's focus on innovation, operational efficiency, and community engagement has solidified its reputation as a responsible utility provider [2].
Interested parties seeking further information about the stock offering or other aspects of the company can reach out to Christopher Goulding, who handles investor relations at Unitil Corporation. His contact details include a phone number at 603-773-6466 and an email address directly connecting him to potential investors [1].
References
[1] https://investorshangout.com/unitil-corporation-announces-exciting-common-stock-offering-362789-/
[2] https://www.quiverquant.com/news/Unitil+Corporation+Prices+Public+Offering+of+1%2C393%2C355+Shares+of+Common+Stock+at+%2446.65+per+Share
Unitil Corporation, a public utility holding company, has closed a $74.8 million stock offering. The company's primary business is the local distribution of electricity and natural gas in New Hampshire, Massachusetts, and Maine. The company operates through two segments: utility electric operations and utility gas operations.
Title: Unitil Corporation Closes $74.8 Million Stock OfferingUnitil Corporation, a leading public utility holding company, has successfully closed a $74.8 million stock offering. The company, which specializes in the local distribution of electricity and natural gas in New Hampshire, Massachusetts, and Maine, has completed the sale of 1,393,355 shares of its common stock at a price of $46.65 per share [1].
The offering, which was priced on August 14, 2025, was led by Wells Fargo Securities, LLC, and Scotia Capital (USA) Inc. as active bookrunners, with Janney Montgomery Scott LLC also participating as a bookrunner. The offering was conducted under the company’s effective registration statement on Form S-3ASR as filed with the SEC [2].
Unitil plans to utilize the proceeds from this offering in several strategic ways. Firstly, it aims to contribute equity capital to its regulated utility subsidiaries, which will strengthen their operational capabilities. Secondly, part of the funds will be directed towards repaying existing debts under its credit agreement. This judicious approach will bolster the company’s financial footing and flexibility [1].
The company, which operates through two segments—utility electric operations and utility gas operations—serves over 209,000 customers across its service areas. Unitil's focus on innovation, operational efficiency, and community engagement has solidified its reputation as a responsible utility provider [2].
Interested parties seeking further information about the stock offering or other aspects of the company can reach out to Christopher Goulding, who handles investor relations at Unitil Corporation. His contact details include a phone number at 603-773-6466 and an email address directly connecting him to potential investors [1].
References
[1] https://investorshangout.com/unitil-corporation-announces-exciting-common-stock-offering-362789-/
[2] https://www.quiverquant.com/news/Unitil+Corporation+Prices+Public+Offering+of+1%2C393%2C355+Shares+of+Common+Stock+at+%2446.65+per+Share
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