By Lisa Kerner
Charlotte, N.C., April 22 - NorthWestern Energy Corp. priced 15-year first mortgage bonds at 5.01% on April 15.
The company said it expects to use the proceeds to refinance its existing $225 million 5.875% senior secured notes due 2014.
Closing on the first mortgage bonds is expected to occur in May, according to the company.
NorthWestern Energy, based in Sioux Falls, S.D., is the power and gas subsidiary of Northwestern Corp.
| Issuer: | NorthWestern Energy Corp.
|
| Issue: | First mortgage bonds
|
| Maturity: | 15 years
|
| Coupon: | 5.01%
|
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