---
schema_version: "secwatch.filing_event.v1"
accession: "0001993004-23-000012"
form_type: "8-K"
ticker: "NWE"
cik: "0001993004"
company_name: "NorthWestern Energy Group, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:19:35.649825+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NW Corp amends $425M credit facility, NWE Group enters $200M facility for reorganization

## Summary
- NW Corp amended its $425M revolving credit facility; maturity extended to Nov 29, 2028 (from May 2027).
- New $200M unsecured credit facility for NWE Group and NWE Public Service; becomes active upon reorganization completion.
- Aggregate credit facilities total $600M, replacing prior $550M facilities.
- Financial covenant: consolidated debt to total capitalization ≤65%; interest rates based on SOFR plus 100-175 bps margin.
- Reorganization second phase expected early 2024; NW Corp to operate only Montana utility post-reorganization.

## SEC filing metadata
- accession: 0001993004-23-000012
- form_type: 8-K
- ticker: NWE
- cik: 0001993004
- company_name: NorthWestern Energy Group, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1993004/000199300423000012/0001993004-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1993004/000199300423000012/nwe-20231129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001993004-23-000012
- JSON: https://secwatch.observer/filing/0001993004-23-000012.json
- Plain text: https://secwatch.observer/filing/0001993004-23-000012.txt

## Key facts
- Debt Financings
  NorthWestern Energy Group, Inc. incurred revolving credit of $200 million base capacity with Bank of America, N.A. at SOFR plus a credit spread adjustment of 10.0 basis points, plus a margin of 100. maturing November 29, 2028.
  - Instrument: revolving credit
  - Principal: $200 million base capacity
  - Counterparty: Bank of America, N.A.
  - Rate: SOFR plus a credit spread adjustment of 10.0 basis points, plus a margin of 100.
  - Maturity: November 29, 2028
  - Event: incurrence
  source text: the Credit Facility, the Lenders are not required to make any revolving credit loans until the Reorganization occurs. Once the Reorganization occurs, the Credit facility has a $200 million base capacity, with base sublimits for NWE Group ($50 million) and NWE Public Service ($150 million), plus uncommitted features that allow NWE Group and NWE Public Service to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300423000012/0001993004-23-000012-index.htm
- Debt Financings
  NorthWestern Energy Group, Inc. amended revolving credit of $425 million with Bank of America, N.A. at SOFR plus a credit spread adjustment of 10.0 basis points, plus a margin of 100. maturing November 29, 2028 (from May 18, 2027).
  - Instrument: revolving credit
  - Principal: $425 million
  - Counterparty: Bank of America, N.A.
  - Rate: SOFR plus a credit spread adjustment of 10.0 basis points, plus a margin of 100.
  - Maturity: November 29, 2028 (from May 18, 2027)
  - Event: amendment
  source text: NW Corp entered into a second amendment and restatement of its existing $425 million revolving credit facility (the " Amended Facility ") to address the Reorganization and extend the maturity date of the Amended Facility to November 29, 2028 (from May 18, 2027).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300423000012/0001993004-23-000012-index.htm
- Material Agreements
  NorthWestern Energy Group, Inc. entered into a credit facility valued at $600 million.
  - Action: entry
  - Agreement: credit facility
  - Value: $600 million
  source text: e new unsecured credit facilities for NWE Group, NW Corp, and NWE Public Service (aggregating $600 million) will replace the current unsecured credit facilities of NW Corp (aggregating $550 million).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300423000012/0001993004-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.