Otter Tail Corporation issued Series 2025B Notes for $50 million on June 6, 2025, pursuant to a note purchase agreement. This debt issuance contributes to the company's overall financing strategy.
The proceeds from such long-term debt issuances are typically utilized to repay short-term borrowings, fund ongoing capital investments, and support general operating activities. This action helps maintain the company's financial flexibility.
This financing event is part of Otter Tail Power's strategy to fund its capital plan, which includes significant investments in wind repowering, advanced metering infrastructure, and transmission line projects.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.