Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Otter Tail Corp incurred senior notes of $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate with the purchasers named therein at 5.33% and 6.04% maturing March 19, 2036 and June 4, 2056.
- Instrument
- senior notes
- Principal
- $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate
- Counterparty
- the purchasers named therein
- Rate
- 5.33% and 6.04%
- Maturity
- March 19, 2036 and June 4, 2056
- Event
- incurrence
Exact text from the filing
(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, $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate principal amount of its 5.33% Series 2026A Senior Unsecured Notes due
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Otter Tail Corp entered into Note Purchase Agreement with the purchasers named therein (the ‘Purchasers’) valued at $170,000,000 aggregate principal amount (effective 2026-03-19).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- the purchasers named therein (the ‘Purchasers’)
- Value
- $170,000,000 aggregate principal amount
- Effective
- 2026-03-19
Exact text from the filing
On March 19, 2026, 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, $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate principal amount of its 5.33% Series 2026A Senior Unsecured Notes due March 19, 2036 (the “Series 2026A Notes”) and $70,000,000 in aggregate principal amount of its 6.04% Series 2026B Senior Unsecured Notes due June 4, 2056 (the “Series 2026B Notes”) (collectively, the “Notes”).
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