UTL · Unitil Corporation

On April 30, 2026, Fitchburg Gas and Electric Light Company, a subsidiary of Unitil Corporation, entered into a Note Purchase Agreement with State Farm Life Insurance Company, State Farm Life and Accident Assurance Company, and CoBank, ACB. Under the agreement, Fitchburg issued $23 million of 5.62% Senior Unsecured Notes due 2036 and $17 million of 5.87% Senior Unsecured Notes due 2041. The notes are unsecured senior obligations and contain customary terms for such transactions. Proceeds will be used to refinance existing debt and for general corporate purposes. The offering was made to institutional investors under Section 4(a)(2) of the Securities Act, and the notes are not registered under the Act. This financing strengthens Fitchburg's balance sheet by extending maturities and fixing interest rates.