Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
Otter Tail Corp incurred senior notes of $100,000,000 aggregate principal amount of the Company's senior unsecured notes consisting of $50,000,000 in aggregate p with purchasers named therein at 5.49% for Series 2025A Notes and 5.98% for Series 2025B Notes maturing March 27, 2035 for Series 2025A Notes and June 5, 2055 for Series 2025B Notes.
- Instrument
- senior notes
- Principal
- $100,000,000 aggregate principal amount of the Company's senior unsecured notes consisting of $50,000,000 in aggregate p
- Counterparty
- purchasers named therein
- Rate
- 5.49% for Series 2025A Notes and 5.98% for Series 2025B Notes
- Maturity
- March 27, 2035 for Series 2025A Notes and June 5, 2055 for Series 2025B Notes
- Event
- incurrence
Exact text from the filing
On March 27, 2025, Otter Tail Power Company (the "Company"), a wholly owned subsidiary of Otter Tail Corporation ("OTC"), entered into a Note Purchase Agreement (the "Note Purchase Agreement") with the purchasers named therein (the "Purchasers"), pursuant to which the Company issued to the Purchasers, in a private placement transaction, $100,000,000 aggregate principal amount of the Company's senior unsecured notes consisting of $50,000,000 in aggregate principal amount of its 5.49% Series 2025A Senior Unsecured Notes due March 27, 2035 (the "Series 2025A Notes") and $50,000,000 in aggregate principal amount of its 5.98% Series 2025B Senior Unsecured Notes due June 5, 2055 (the "Series 2025B Notes") (collectively, the "Notes"). The Series 2025A Notes were issued on March 27, 2025, upon entering into the agreement.
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