{"schema_version":"secwatch.filing_event.v1","accession":"0001466593-24-000147","form_type":"8-K","ticker":"OTTR","cik":"0001466593","company_name":"Otter Tail Corp","filed_at":"2024-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.504310+00:00","generated_at":"2026-05-29T02:52:57.999318+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Otter Tail enters new $170M corp revolver & $220M OTP revolver, both due Dec 2029","bullets":["Unsecured $170M Otter Tail Corp revolver (expandable to $290M), replacing Oct 2022 facility, expires Dec 11, 2029.","Unsecured $220M Otter Tail Power revolver (expandable to $300M), replacing Oct 2022 facility, expires Dec 11, 2029.","No amounts outstanding on parent revolver; $31.1M drawn on OTP revolver plus $8.8M in LOCs as of Dec 11, 2024.","Interest rate based on benchmark plus margin tied to borrower's credit rating; max leverage covenant: interest-bearing debt to total capitalization ≤0.65.","Both facilities provide for letters of credit (parent $40M, OTP $50M) and general corporate purposes including capex."],"urls":{"canonical":"https://secwatch.observer/filing/0001466593-24-000147","json":"https://secwatch.observer/filing/0001466593-24-000147.json","markdown":"https://secwatch.observer/filing/0001466593-24-000147.md","text":"https://secwatch.observer/filing/0001466593-24-000147.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000147/0001466593-24-000147-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466593/000146659324000147/ottr-20241211.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T02:52:57.999318+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}