NWN issues $325M junior subordinated debentures due 2055 at 7.0% initial coupon

Northwest Natural Holding Co

Issued $325M principal of junior subordinated debentures due September 15, 2055.
Initial rate 7.0% through September 15, 2035; thereafter Five-Year Treasury + 2.701%.
Company may defer interest payments for up to ten consecutive years.
Deferral of interest triggers restrictions on common stock dividends.
Sale closed March 18, 2025; underwritten public offering.

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