Unitil Corporation announced a registered offering of $60,000,000 of shares of its common stock.
The company's common stock is listed on the New York Stock Exchange under the symbol 'UTL'.
Net proceeds will be used for equity capital contributions to regulated utility subsidiaries, debt repayment, and general corporate purposes.
Offering Details
$60,000,000 common stock offering with an option for additional $9,000,000 shares.
Use of Proceeds
Equity capital contributions, debt repayment, and general corporate purposes.
Underwriters
Wells Fargo Securities, LLC and Scotia Capital (USA) Inc. are acting as bookrunners for the offering.
- The offering is subject to market conditions and may not be completed as planned.
- Unitil aims to strengthen its regulated utility subsidiaries through the offering.
Unitil Corporation's common stock offering is a strategic move to support its operations and growth plans in the energy sector.