---
schema_version: "secwatch.filing_event.v1"
accession: "0001993004-26-000044"
form_type: "8-K"
ticker: "NWE"
cik: "0001993004"
company_name: "NorthWestern Energy Group, Inc."
filed_at: "2026-06-02T11:22:44+00:00"
generated_at: "2026-06-02T11:25:50.071275+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NorthWestern Energy subsidiary enters $225M secured term loan, repays revolver

## Summary
- Borrowed full $225M under secured term loan to repay portion of existing $425M unsecured revolving credit facility.
- Term loan matures Nov 26, 2027, bears SOFR + 0.85% margin; secured by $225M first mortgage bond.
- Covenant requires consolidated debt to capitalization ratio not exceed 65%.
- Cross-default trigger at $50M aggregate indebtedness; customary events of default included.
- Term loan may not be reborrowed; amounts prepaid reduce commitment permanently.

## SEC filing metadata
- accession: 0001993004-26-000044
- form_type: 8-K
- ticker: NWE
- cik: 0001993004
- company_name: NorthWestern Energy Group, Inc.
- filed_at: 2026-06-02T11:22:44+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/1993004/000199300426000044/0001993004-26-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1993004/000199300426000044/nwe-20260527.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001993004-26-000044
- JSON: https://secwatch.observer/filing/0001993004-26-000044.json
- Plain text: https://secwatch.observer/filing/0001993004-26-000044.txt

## Source-grounded claims
- claim_id: 143a24ac5ad6a20fce918bf09f42c75a2a093ba8
  claim: NorthWestern Energy Group, Inc. incurred mortgage of $225 million with The Bank of New York Mellon and Dimple Gandhi, as trustees at variable rates equal to the interest rate applicable to the Term Loan.
  evidence_excerpt: NW Corp's obligations under the Term Loan are secured by a $225 million first mortgage bond
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300426000044/0001993004-26-000044-index.htm
- claim_id: 68aca9ffb6941eda17e80e8ba3b07d5f03093407
  claim: NorthWestern Energy Group, Inc. incurred term loan of $225 million with Bank of America, N.A., as administrative agent at SOFR plus an applicable margin maturing November 26, 2027.
  evidence_excerpt: ay 27, 2026, NorthWestern Corporation (" NW Corp "), a wholly owned subsidiary of NorthWestern Energy Group, Inc., d/b/a NorthWestern Energy (Nasdaq: NWE) (“ NWE Group ”), entered into a $225 million secured term loan credit agreement (the “ Term Loan ”) with Bank of America, N.A., as administrative agent (the " Administrative Agent "), and BOFA Securities, Inc., BMO Bank N.A., Keybank National Association, and U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300426000044/0001993004-26-000044-index.htm
- claim_id: 5a45900fc804adba500d7c0c7d986b03d5993ea7
  claim: NorthWestern Energy Group, Inc. entered into Term Loan with Bank of America, N.A., as administrative agent, and BOFA Securities, Inc., BMO Bank N.A., Keybank National Association, and U.S. Bank National Association, as joint lead arrangers and bookrunners valued at $225 million (effective 2026-05-27).
  evidence_excerpt: On May 27, 2026, NorthWestern Corporation (" NW Corp "), a wholly owned subsidiary of NorthWestern Energy Group, Inc., d/b/a NorthWestern Energy (Nasdaq: NWE) (“ NWE Group ”), entered into a $225 million secured term loan credit agreement (the “ Term Loan ”) with Bank of America, N.A., as administrative agent (the " Administrative Agent "), and BOFA Securities, Inc., BMO Bank N.A., Keybank National Association, and U.S. Bank National Association, as joint lead arrangers and bookrunners.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1993004/000199300426000044/0001993004-26-000044-index.htm

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