---
schema_version: "secwatch.filing_event.v1"
accession: "0001993004-24-000031"
form_type: "8-K"
ticker: "NWE"
cik: "0001993004"
company_name: "NorthWestern Energy Group, Inc."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:41:08.509854+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NorthWestern Energy enters $100M term loan with U.S. Bank; due April 2025

## Summary
- Borrowed $100M under unsecured term loan with U.S. Bank National Association.
- Variable interest rate based on SOFR + 0.90% margin; due April 11, 2025.
- Proceeds for general corporate purposes; prepayable anytime but non-reborrowable.
- Financial covenant: consolidated debt to total capitalization ≤ 65%.
- Loan subject to cross-default on >$50M other debt and change of control provisions.

## SEC filing metadata
- accession: 0001993004-24-000031
- form_type: 8-K
- ticker: NWE
- cik: 0001993004
- company_name: NorthWestern Energy Group, Inc.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1993004/000199300424000031/0001993004-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1993004/000199300424000031/nwe-20240412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001993004-24-000031
- JSON: https://secwatch.observer/filing/0001993004-24-000031.json
- Plain text: https://secwatch.observer/filing/0001993004-24-000031.txt

## Key facts
- Debt Financings
  NorthWestern Energy Group, Inc. incurred term loan of $100 million with U.S. Bank National Association at Secured Overnight Financing Rate (SOFR) plus an applicable margin maturing April 11, 2025.
  - Instrument: term loan
  - Principal: $100 million
  - Counterparty: U.S. Bank National Association
  - Rate: Secured Overnight Financing Rate (SOFR) plus an applicable margin
  - Maturity: April 11, 2025
  - Event: incurrence
  source text: On April 12, 2024, NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) (the “ Company ”) entered into a $100 million Term Loan Credit Agreement (the “ Term Loan ”) with U.S. Bank National Association, as lender. The Company has borrowed $100 million under the Term Loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300424000031/0001993004-24-000031-index.htm

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