secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Natural Holding Co (NWN)
CIK:        0001733998
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0001733998-25-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.03, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NW Natural Holdings completes acquisition of SiEnergy for $271.1M cash + $156.1M debt
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- Acquired SiEnergy Operating, LLC for ~$271.1M cash plus assumption of ~$156.1M debt; closed Jan 7, 2025.
- SiEnergy serves ~70,000 customers in Houston, Dallas, Austin; rate base ~$247M with 26% CAGR growth over 5 years.
- Financed with $273M bridge loan from JPMorgan; plans to issue junior subordinated notes in H1 2025 for permanent financing.
- SiEnergy achieved 22% compounded customer growth over 5 years, making it one of the fastest-growing gas utilities.
- CEO David Anderson: acquisition expands NWN's Texas presence and positions for continued organic growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1733998/000173399825000004/0001733998-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1733998/000173399825000004/nwn-20250107.htm
  HTML page:      https://secwatch.observer/filing/0001733998-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer