Unitil subsidiary issues $60 million in first mortgage bonds
UTL•Unitil Energy issued $60 million in first mortgage bonds to institutional investors on October 14, 2026. The proceeds will refinance existing consolidated debt and/or fund general corporate purposes.
1. Bond terms
The $30 million Series T Bonds carry a 5.72% interest rate and mature October 14, 2036. The $30 million Series U Bonds carry a 5.87% rate and mature October 14, 2038.
2. Collateral condition
If a conditional collateral release occurs, the Series T rate would rise to 5.82% and the Series U rate to 5.97%.
