NorthWestern Energy Group Enters Material Agreement

TL;DR

NWE just signed a big deal, creating a new financial obligation.

AI Summary

On March 28, 2024, NorthWestern Energy Group, Inc. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report includes financial statements and exhibits.

Why It Matters

This filing signals a significant new financial commitment or obligation for NorthWestern Energy Group, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its obligations.

Key Players & Entities

• NorthWestern Energy Group, Inc. (company) — Registrant
• March 28, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 605 - 978-2900 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $175 million — : NWE) (" NWE Group "), issued and sold $175 million principal amount of NW Corp's Montana F
• $40 million — ubsidiary of NWE Group, issued and sold $40 million principal amount of NWE Public Service'
• $33 million — est Rate March 28, 2024 March 28, 2029 $33 million 5.55% March 28, 2024 March 28, 2034 $7
• $7 million — on 5.55% March 28, 2024 March 28, 2034 $7 million 5.75% The terms of the SD Bonds were

Filing Documents

• nwe-20240328.htm (8-K) — 44KB
• a21stsupplementalindenture.htm (EX-4.1) — 129KB
• a45thsupplementalindenture.htm (EX-4.2) — 241KB
• nwe-20240328_g1.jpg (GRAPHIC) — 76KB
• 0001993004-24-000028.txt ( ) — 800KB
• nwe-20240328.xsd (EX-101.SCH) — 2KB
• nwe-20240328_lab.xml (EX-101.LAB) — 21KB
• nwe-20240328_pre.xml (EX-101.PRE) — 12KB
• nwe-20240328_htm.xml (XML) — 3KB

01 Entry into Material Definitive Agreement

Item 1.01 Entry into Material Definitive Agreement Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Montana First Mortgage Bonds On March 28, 2024, NorthWestern Corporation (" NW Corp "), a wholly owned subsidiary of NorthWestern Energy Group, Inc., d/b/a NorthWestern Energy (Nasdaq: NWE) (" NWE Group "), issued and sold $175 million principal amount of NW Corp's Montana First Mortgage Bonds (the " MT Bonds "). The MT Bonds were issued in a transaction exempt from the registration requirements of the Securities Act of 1933, have not been registered under the Securities Act, and will not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws. The MT Bonds were drawn and issued in one series as follows: Issue Date Maturity Date Principal Amount Interest Rate March 28, 2024 March 28, 2031 $175 million 5.56% The terms of the MT Bonds were established in the Forty-fifth Supplemental Indenture, dated as of March 1, 2024 (the " MT Supplemental Indenture "), between NW Corp and The Bank of New York Mellon and Dimple Gandhi, as trustees. The MT Bonds are governed by the terms of the Mortgage and Deed of Trust dated as of October 1, 1945, as amended and supplemented, between NW Corp and the trustees, and the MT Supplemental Indenture (collectively, the " MT Indenture "). The MT Bonds will rank equally in right of payment with all current and future debt that is secured by the first mortgage lien of the MT Indenture. NW Corp may redeem some or all of the MT Bonds at any time at its option prior to maturity at a make-whole price as described in the MT Supplemental Indenture. The MT Indenture provides for customary events of default, including payment defaults and certain events of bankruptcy, insolvency and reorganization. If an event of default occurs and is con

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description of Document 4.1 * Forty-fifth Supplemental Indenture, dated as of March 1, 2024, between NW Corp and The Bank of New York Mellon and Dimple Gandhi, as trustees. 4.2 * Twenty-first Supplemental Indenture, dated as of March 1, 2024, between the Company and The Bank of New York Mellon, as trustee. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document * filed herewith

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NorthWestern Energy Group, Inc. By: /s/ Timothy P. Olson Timothy P. Olson Corporate Secretary Date: April 3, 2024

View Full Filing

View this 8-K filing on SEC EDGAR