Deal Details
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.
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- Date
- October 2015
- Company
- NorthWestern Corporation
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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