NORTHWESTERN CORP: debt financing — NorthWestern issues $30M South Dakota First Mortgage Bonds at 5.42%

NORTHWESTERN CORP

Issued $30M principal of South Dakota First Mortgage Bonds due May 1, 2033, at 5.42% interest rate.
Received remaining $50M proceeds from previously announced $239M Montana First Mortgage Bonds issuance.
Bonds are secured by first mortgage lien and rank equally with existing secured debt.
May be redeemed at make-whole price prior to maturity; subject to customary events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NORTHWESTERN CORP incurred senior notes of $30 million with The Bank of New York Mellon, as trustee at 5.42% maturing May 1, 2033.

Instrument: senior notes
Principal: $30 million
Counterparty: The Bank of New York Mellon, as trustee
Rate: 5.42%
Maturity: May 1, 2033
Event: incurrence

Exact text from the filing

On May 1, 2023, NorthWestern Corporation d/b/a NorthWestern Energy (NYSE: NWE) (the " Company ") issued and sold $30 million principal amount of the Company's South Dakota First Mortgage Bonds

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Source: SEC EDGAR

accession 0000073088-23-000106

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