secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0001466593-25-000097
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Power subsidiary issues $50M 5.98% senior notes due 2055
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- Otter Tail Power Company issued $50M 5.98% Series 2025B Senior Notes due June 5, 2055.
- Proceeds will fund capital expenditures, refinance existing debt, and general corporate purposes.
- Debt covenants cap Interest-bearing Debt at 65% and Priority Indebtedness at 20% of Total Capitalization.
- Notes are privately placed; prepayment allowed with make-whole amount except near maturity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659325000097/0001466593-25-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659325000097/ottr-20250605.htm
  HTML page:      https://secwatch.observer/filing/0001466593-25-000097

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