secwatch.observer — SEC 8-K summary
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Issuer:     NORTHWESTERN CORP (—)
CIK:        0000073088
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000073088-23-000156
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NorthWestern amends $425M credit facility, adds $200M facility for reorganization
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/0000073088-23-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73088/000007308823000156/nwe-20231129.htm
  HTML page:      https://secwatch.observer/filing/0000073088-23-000156

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