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NorthWestern offers first mortgage bonds due 2024
By Rebecca Melvin
New York, March 19 – NorthWestern Corp., which does business as NorthWestern Energy, is offering dollar-denominated first mortgage bonds due 2024, according to a 424B5 filing with the Securities and Exchange Commission.
The bonds may be called in whole or in part after 2022 at par plus accrued and unpaid interest.
Keybanc Capital Markets Inc. and RBC Capital Markets LLC are the joint bookrunning managers.
Proceeds will be used to repay in full the company’s $100 million term loan due April 2021. The term loan proceeds were used to pay down a portion of its outstanding revolver and for general corporate purposes.
NorthWestern is a Sioux Falls, S.D.-based electricity and natural gas provider.
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