NorthWestern Energy upsizes term loan to $150M, adds Mizuho as lender

NorthWestern Energy Group, Inc.

Amendment increased total commitment from $100M to $150M; Mizuho Bank added with $50M commitment.
Full $150M borrowed; unsecured with variable SOFR plus margin interest rate.
Loan matures April 10, 2026; proceeds used for general corporate purposes.
Key covenant: consolidated debt to total capitalization ≤65%; cross-default triggers at $50M.
U.S. Bank remains administrative agent; existing lender commitment unchanged at $100M.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NorthWestern Energy Group, Inc. incurred term loan of $150 million with U.S. Bank National Association at Secured Overnight Financing Rate (SOFR) plus an applicable margin maturing April 10, 2026.

Instrument: term loan
Principal: $150 million
Counterparty: U.S. Bank National Association
Rate: Secured Overnight Financing Rate (SOFR) plus an applicable margin
Maturity: April 10, 2026
Event: incurrence

Exact text from the filing

the Company entered into Amendment No. 3 to Term Loan Credit Agreement and Lender Joinder Agreement, pursuant to which the total commitment under the Term Loan increased to $150 million, Mizuho Bank, Ltd. was added as a lender, and U.S. Bank was appointed the administrative agent (in addition to its lender role). The Company has borrowed $150 million under the Term Loan

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Source: SEC EDGAR

accession 0001993004-25-000174

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