---
schema_version: "secwatch.filing_event.v1"
accession: "0001993004-25-000174"
form_type: "8-K"
ticker: "NWE"
cik: "0001993004"
company_name: "NorthWestern Energy Group, Inc."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:49:49.992768+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001993004-25-000174
- form_type: 8-K
- ticker: NWE
- cik: 0001993004
- company_name: NorthWestern Energy Group, Inc.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1993004/000199300425000174/0001993004-25-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1993004/000199300425000174/nwe-20250929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001993004-25-000174
- JSON: https://secwatch.observer/filing/0001993004-25-000174.json
- Plain text: https://secwatch.observer/filing/0001993004-25-000174.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300425000174/0001993004-25-000174-index.htm

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