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BRIEF-Otter Tail Power Company entered into a note purchase agreement with purchasers - SEC filing​
November 16, 2017 / 2:09 PM / in 25 days

BRIEF-Otter Tail Power Company entered into a note purchase agreement with purchasers - SEC filing​

Nov 16 (Reuters) - Otter Tail Corp

* Otter Tail Corp - ‍ on November 14, Otter Tail Power Company entered into a note purchase agreement with purchasers - SEC filing​

* Otter Tail - ‍pursuant to agreement, Co agreed to issue $100 million principal amount of Co’s 4.07% series 2018a senior unsecured notes due Feb 7, 2048​

* Otter Tail Corp - ‍ notes are expected to be issued on February 7, 2018, subject to satisfaction of certain customary conditions to closing​

* Otter Tail Corp - Co's unit ‍intends to use proceeds of notes to refinance existing indebtedness under company's revolving credit facilities​ Source text (bit.ly/2zMZDAl) Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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