---
schema_version: "secwatch.filing_event.v1"
accession: "0000073088-23-000156"
form_type: "8-K"
ticker: null
cik: "0000073088"
company_name: "NORTHWESTERN CORP"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:23:13.307592+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NorthWestern amends $425M credit facility, adds $200M facility for reorganization

## Summary
- NW Corp amended its $425M revolving credit facility; maturity extended to Nov 29, 2028 from May 18, 2027.
- NWE Group and NWE Public Service entered a new $200M unsecured revolving credit facility, effective after reorganization.
- Aggregate credit facilities increase to $600M from $550M; reorganization expected early 2024.
- After reorganization, NW Corp's facility base reduces to $400M, and swingline and additional facilities will be terminated.
- Both facilities have financial covenant: consolidated debt to total capitalization <=65%.

## SEC filing metadata
- accession: 0000073088-23-000156
- form_type: 8-K
- cik: 0000073088
- company_name: NORTHWESTERN CORP
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/0000073088-23-000156-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/nwe-20231129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000073088-23-000156
- JSON: https://secwatch.observer/filing/0000073088-23-000156.json
- Plain text: https://secwatch.observer/filing/0000073088-23-000156.txt

## Key facts
- Debt Financings
  NORTHWESTERN CORP incurred revolving credit of $200 million with Bank of America, N.A. at SOFR plus 100.0 to 175.0 basis points, plus a credit spread adjustment of 10.0 b maturing November 29, 2028.
  - Instrument: revolving credit
  - Principal: $200 million
  - Counterparty: Bank of America, N.A.
  - Rate: SOFR plus 100.0 to 175.0 basis points, plus a credit spread adjustment of 10.0 b
  - Maturity: November 29, 2028
  - Event: incurrence
  source text: the Credit Facility, the Lenders are not required to make any revolving credit loans until the Reorganization occurs. Once the Reorganization occurs, the Credit facility has a $200 million base capacity, with base sublimits for NWE Group ($50 million) and NWE Public Service ($150 million), plus uncommitted features that allow NWE Group and NWE Public Service to
  evidence_url: https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/0000073088-23-000156-index.htm
- Debt Financings
  NORTHWESTERN CORP amended revolving credit of $425 million with Bank of America, N.A. at SOFR plus 100.0 to 175.0 basis points, plus a credit spread adjustment of 10.0 b maturing November 29, 2028.
  - Instrument: revolving credit
  - Principal: $425 million
  - Counterparty: Bank of America, N.A.
  - Rate: SOFR plus 100.0 to 175.0 basis points, plus a credit spread adjustment of 10.0 b
  - Maturity: November 29, 2028
  - Event: amendment
  source text: On November 29, 2023, NW Corp entered into a second amendment and restatement of its existing $425 million revolving credit facility (the “ Amended Facility ”) to address the Reorganization and extend the maturity date of the Amended Facility to November 29, 2028 (from May 18, 2027).
  evidence_url: https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/0000073088-23-000156-index.htm
- Material Agreements
  NORTHWESTERN CORP entered into unsecured credit facilities valued at $600 million.
  - Action: entry
  - Agreement: credit facility
  - Value: $600 million
  source text: new unsecured credit facilities for NWE Group, NW Corp, and NWE Public Service (aggregating $600 million) will replace the current unsecured credit facilities of NW Corp (aggregating $550 million).
  evidence_url: https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/0000073088-23-000156-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.