NorthWestern Energy Boosts and Extends Corporate Revolving Credit Facility
01 Juillet 2009 - 12:57AM
PR Newswire (US)
SIOUX FALLS, S.D., June 30 /PRNewswire-FirstCall/ -- NorthWestern
Corporation d/b/a NorthWestern Energy (NYSE:NWE) today announced
that it has amended and restated its corporate revolving credit
facility to increase the amount to $250 million from the current
$200 million and to extend the maturity date to June 30, 2012 from
the existing November 1, 2009. "This amendment provides
NorthWestern with the liquidity necessary to support its growth
plan," said Brian Bird, Chief Financial Officer and Treasurer. "The
fact that we obtained a three-year extension and increased the
availability of the existing facility in this difficult banking
environment demonstrates the company's strong financial profile."
The banks in the facility include Banc of America Securities LLC
(Lead Arranger), JPMorgan Chase Bank, N.A. (Syndication Agent),
Union Bank N.A. (Co-Documentation Agent) and U.S. Bank National
Association (Co-Documentation Agent), Deutsche Bank, UBS Loan
Finance, Bank of Nova Scotia, KeyBank Nat'l Assoc., and Credit
Suisse. About NorthWestern Energy NorthWestern Energy provides
electricity and natural gas in the Upper Midwest and Northwest,
serving approximately 656,000 customers in Montana, South Dakota
and Nebraska. More information on NorthWestern Energy is available
on the Company's Web site at http://www.northwesternenergy.com/.
DATASOURCE: NorthWestern Corporation CONTACT: media, Claudia
Rapkoch, +1-866-622-8081, ; or investors, Dan Rausch,
+1-605-978-2902, , both of NorthWestern Corporation Web Site:
http://www.northwesternenergy.com/
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