NorthWestern Energy Subsidiary Secures $225M Term Loan

NorthWestern Corporation (NW Corp), a wholly owned subsidiary of NorthWestern Energy Group, Inc., entered into a $225 million secured term loan credit agreement on May 27, 2026. The full $225 million was borrowed and used to repay a portion of the outstanding borrowings under its existing $425 million unsecured revolving credit facility. The term loan is secured by a $225 million first mortgage bond and bears a variable interest rate based on SOFR plus an applicable margin, maturing on November 26, 2027. It includes a financial covenant limiting the consolidated debt to capitalization ratio to 65 percent.