Published on 7/2/2019 in the Prospect News Private Placement Daily.
New Issue: NorthWestern issues $50 million 3.98% first mortgage bonds due 2049
By Devika Patel
Knoxville, Tenn., July 2 – NorthWestern Corp. sold $50 million of 30-year 3.98% Montana first mortgage bonds in a private placement on June 26, according to an 8-K filed with the Securities and Exchange Commission.
The issuer, which does business as NorthWestern Energy, is an electricity and natural gas provider based in Sioux Falls, S.D.
| Issuer: | NorthWestern Corp.
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| Issue: | Montana first mortgage bonds
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| Amount: | $50 million
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| Maturity: | June 26, 2049
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| Coupon: | 3.98%
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| Call: | Make-whole call until Dec. 26, 2048, then a par call
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| Settlement date: | June 26
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| Distribution: | Private placement
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