Unitil announces closing of public offering of common stock

Hampton, n.h., aug. 06, 2021 (globe newswire) -- unitil corporation (nyse: utl) ( www.unitil.com ) announced today that it closed on its public offering of 800,000 newly issued shares of common stock pursuant to an effective shelf registration statement on form s-3 filed with the securities and exchange commission at a public offering price of $50.80 per share. unitil intends to use the net proceeds from this offering of approximately $38.6 million (after deducting the underwriting discount and its estimated offering expenses) to make equity capital contributions to unitil's regulated utility subsidiaries, to repay debt and for general corporate purposes. unitil also has granted the underwriters an option to purchase up to an additional 120,000 shares.
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