secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Natural Holding Co (NWN)
CIK:        0001733998
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001733998-24-000002
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

NW Natural enters $100M uncommitted LC facility for Washington cap-and-invest program
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- NW Natural entered into an uncommitted LC facility; aggregate LCs limited to $100M per Oregon PUC authorization.
- Proceeds of LCs will primarily support NW Natural's participation in Washington Climate Commitment Act cap-and-invest auctions.
- Facility has no fixed term; lenders have no commitment to issue LCs and may terminate at any time in their discretion.
- NW Natural must maintain S&P/Moody's ratings and a financial covenant: Consolidated Indebtedness <= 70% of Total Capitalization.
- NW Natural was in compliance with the financial covenant as of January 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1733998/000173399824000002/0001733998-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/73020/000173399824000002/nwn-20240105.htm
  HTML page:      https://secwatch.observer/filing/0001733998-24-000002

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