secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0001466593-21-000076
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Power issues $140M of senior notes; remaining $90M due May 2022
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- Issued $40M 2.74% Series 2021A notes due Nov 2031 and $100M 3.69% Series 2021B notes due Nov 2051.
- Proceeds will be used to refinance existing indebtedness.
- Remaining $90M Series 2022A notes at 3.77% due May 2052 expected to close in May 2022.
- Covenants limit interest-bearing debt to 60% of total capitalization and priority indebtedness to 20%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659321000076/0001466593-21-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659321000076/ottr-20211129.htm
  HTML page:      https://secwatch.observer/filing/0001466593-21-000076

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