NorthWestern Energy Group, Inc. (NWE): debt financing — NorthWestern subsidiaries issue $215M in first mortgage bonds at rates 5.55%-5.75%

NorthWestern Energy Group, Inc.

NW Corp issued $175M Montana First Mortgage Bonds due March 28, 2031 at 5.56%.
NWE Public Service issued $40M South Dakota bonds: $33M due 2029 at 5.55% and $7M due 2034 at 5.75%.
Both issuances are exempt from SEC registration and rank equally with existing first mortgage lien debt.
Bonds are redeemable at any time at a make-whole price; customary events of default apply.
Supplemental indentures with The Bank of New York Mellon govern the bonds; filed as exhibits.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NorthWestern Energy Group, Inc. incurred mortgage of $175 million with the noteholders at 5.56% maturing March 28, 2031.

Instrument: mortgage
Principal: $175 million
Counterparty: the noteholders
Rate: 5.56%
Maturity: March 28, 2031
Event: incurrence

Exact text from the filing

The MT Bonds were drawn and issued in one series as follows: Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2031 $175 million 5.56%

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NorthWestern Energy Group, Inc. incurred mortgage of $33 million with the noteholders at 5.55% maturing March 28, 2029.

Instrument: mortgage
Principal: $33 million
Counterparty: the noteholders
Rate: 5.55%
Maturity: March 28, 2029
Event: incurrence

Exact text from the filing

Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2029 $33 million 5.55% March 28, 2024 March 28, 2034 $7 million 5.75%

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NorthWestern Energy Group, Inc. incurred mortgage of $7 million with the noteholders at 5.75% maturing March 28, 2034.

Instrument: mortgage
Principal: $7 million
Counterparty: the noteholders
Rate: 5.75%
Maturity: March 28, 2034
Event: incurrence

Exact text from the filing

Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2029 $33 million 5.55% March 28, 2024 March 28, 2034 $7 million 5.75%

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

NorthWestern Energy Group, Inc. filing history →

Source: SEC EDGAR

accession 0001993004-24-000028

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