secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001466593-25-000054
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Power issues $100M in senior notes at 5.49% and 5.98%
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- $50M 5.49% Series 2025A Notes due 2035 issued March 27; $50M 5.98% Series 2025B Notes due 2055 expected June 5.
- Proceeds to fund capital expenditures, refinance existing debt, and for general corporate purposes.
- Covenants limit Interest-bearing Debt to ≤65% of Total Capitalization and Priority Indebtedness to ≤20%.
- Notes are unsecured senior obligations of Otter Tail Power Company, a wholly owned subsidiary.
- Prepayment at 100% plus make-whole; change-of-control triggers offer to prepay.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659325000054/0001466593-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659325000054/ottr-20250327.htm
  HTML page:      https://secwatch.observer/filing/0001466593-25-000054

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