secwatch.observer — SEC 8-K summary
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Issuer:     Otter Tail Corp (OTTR)
CIK:        0001466593
Form:       8-K
Filed at:   2026-06-05T13:52:28+00:00
Accession:  0001466593-26-000061
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Otter Tail Power issues $70M 6.04% senior notes due 2056
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- $70M aggregate principal of Series 2026B Notes at 6.04% due June 4, 2056.
- Proceeds to fund capital expenditures, refinance existing debt, and general corporate purposes.
- Covenant limits: Interest-bearing Debt ≤65% of Total Capitalization; Priority Indebtedness ≤20%.
- Notes are senior unsecured obligations of Otter Tail Power Company, a wholly owned subsidiary.
- Issuance under Note Purchase Agreement previously reported on March 23, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1466593/000146659326000061/0001466593-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1466593/000146659326000061/ottr-20260604.htm
  HTML page:      https://secwatch.observer/filing/0001466593-26-000061

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