Unitil proclaims the train and the closing of the choice by

HAMPTON, NH, September 08, 2021 (GLOBE NEWSWIRE) – Unitil Company (NYSE: UTL) (www.unitil.com) introduced at this time that its underwriters have exercised and closed their choice to buy a further 120,000 newly issued widespread shares as a part of its beforehand introduced public providing, in accordance with an efficient registration assertion on Type S-3 filed with the Securities and Change Fee. Together with the 120,000 newly issued shares, Unitil bought 920,000 shares at a public providing worth of $ 50.80 per share, leading to anticipated internet proceeds for Unitil of roughly $ 44.5 million. {dollars} (after deducting the subscription low cost and its estimated providing prices). Unitil intends to make use of the online proceeds of this providing to make fairness contributions to Unitil’s regulated utility subsidiaries, to repay debt and for normal company functions.

RBC Capital Markets, LLC and BofA Securities acted as co-book managers of the providing. Janney Montgomery Scott LLC acted as co-manager of the providing.

A replica of the ultimate prospectus complement and accompanying prospectus referring to this providing is obtainable at www.sec.gov and may also be obtained from:

RBC Capital Markets, LLC
200 Vesey Avenue
New York, New York 10281
Warning: share syndication
Phone: 877-822-4089
E-mail: [email protected]
BofA Titles
NC1-004-03-43
200, rue Coll├Ęge Nord, third flooring
Charlotte NC 28255-0001
For the eye of: Service Prospectus
E-mail: [email protected]

This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any securities and there will likely be no sale in any jurisdiction during which such gross sales could be unlawful. The providing is being made solely by means of the prospectus complement and accompanying prospectus, which is a part of a registration assertion that got here into impact on August 3, 2021.

About Unitil Company

Unitil Company supplies power for all times by safely and reliably delivering pure gasoline and electrical energy to New England. We’re dedicated to the communities we serve and to growing folks, enterprise practices and applied sciences that result in the supply of dependable and extra environment friendly power. Unitil Company is a utility holding firm with operations in Maine, New Hampshire and Massachusetts. Collectively, Unitil’s working utilities serve roughly 107,100 electrical energy prospects and 85,600 pure gasoline prospects. For extra details about our folks, applied sciences and group engagement, please go to www.unitil.com.

Ahead-looking statements

This press launch could include forward-looking statements. All statements, aside from statements of historic truth, included on this press launch are forward-looking statements. Ahead-looking statements embrace statements relating to Unitil’s present beliefs and expectations. These forward-looking statements are topic to the dangers and uncertainties inherent in forecasting future outcomes and circumstances which might trigger precise outcomes to vary materially from these projected in these forward-looking statements. A number of the dangers and uncertainties, however not all, are: the coronavirus pandemic (COVID-19); Unitil’s regulatory setting (together with legal guidelines and rules referring to local weather change, greenhouse gasoline emissions and different environmental issues); fluctuations within the provide, demand and costs of power uncooked supplies and of transmission and transmission capability and Unitil’s means to get well the prices of power uncooked supplies in its tariffs; most popular power sources of shoppers; extreme storms and Unitil’s means to get well storm-related prices in its tariffs; decline within the valuation of capital markets; normal financial circumstances; Unitil’s means to acquire debt or fairness financing on acceptable phrases; enhance in rates of interest; climate variations; long-term world local weather change; Unitil’s means to retain current prospects and appeal to new prospects; elevated competitors; and different dangers detailed in paperwork filed by Unitil with the Securities and Change Fee. These forward-looking statements converse solely as of the date on which they’re made. Unitil assumes no obligation and doesn’t intend to replace these forward-looking statements, besides as required by regulation.

For extra info please contact:
Todd Diggins – Investor Relations
Phone: 603-773-6504
E-mail: [email protected]

Alec O’Meara – Media Relations
Phone: 603-773-6404
E-mail: [email protected]

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