Secondary Offering

Energy
Secondary Offering

Summary

Baird served as a bookrunner on this offering.

About

NorthWestern Corporation (“NorthWestern” or the “Company”) (NYSE: NWE), recently completed a secondary offering of 1,100,000 shares of common stock at a price of $52.20 per share, generating gross proceeds of approximately $57 million. The Company intends to use the proceeds from the offering to repay a portion of the short- term borrowings incurred to help fund its recent acquisition of the 80-megawatt Beethoven Wind Facility in Tripp, South Dakota.

NorthWestern provides electricity and natural gas to approximately 692,600 customers in Montana, South Dakota and Nebraska. The Company has generated and distributed electricity in South Dakota and distributed natural gas in South Dakota and Nebraska since 1923 and has generated and distributed electricity and distributed natural gas in Montana since 2002. Northwestern is headquartered in Sioux Falls, South Dakota.

For additional information about this transaction, please contact:

John Lanza +1 (414) 298-7669
Dick Waid +1 (404) 564-2210
Brian Cole +1 (414) 298-1702
Lance Lange +1 (414) 765-7079
Energy
Secondary Offering
Date
October 2015
Company
NorthWestern Corporation
Transaction
M&A
Sectors
Energy
Target Location
North America

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