Unitil announces pricing of public offering of common stock

Hampton, n.h., aug. 04, 2021 (globe newswire) -- unitil corporation (nyse: utl) (www.unitil.com) announced today that it priced a 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 also has granted the underwriters a 30-day option to purchase up to an additional 120,000 shares. net proceeds from this offering are expected to be used to make equity capital contributions to unitil's regulated utility subsidiaries, to repay debt and for general corporate purposes. this offering is expected to close on august 6, 2021, subject to customary closing conditions.
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