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


Thursday, 16 Nov 2017 09:09am EST 

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​. 

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