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Otter Tail, unit extend $130 million, $170 million revolvers to 2022
By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – Otter Tail Corp. amended its $130 million revolving credit facility on Tuesday to extend it to Oct. 31, 2022 from Oct. 29, 2021, according to an 8-K filing with the Securities and Exchange Commission.
Otter Tail Power Co., a wholly owned subsidiary of the company, extended its $170 million revolver to Oct. 31, 2022 from Oct. 29, 2021.
U.S. Bank, NA is the administrative agent for the revolvers.
Otter Tail is a Fergus Falls, Minn.-based company that operates in six segments: electric, plastics, manufacturing, health services, food ingredient processing and other business operations.
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