-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DNhTqBv60+VuqxL92A8xm/VJ1HJ5fln9QnBEYpQFwj0tNy5loJnHIUmsOQf77xWg TKz1wk+voeb0OohsZqsO4Q== 0001116679-05-001254.txt : 20050426 0001116679-05-001254.hdr.sgml : 20050426 20050425181648 ACCESSION NUMBER: 0001116679-05-001254 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050422 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050426 DATE AS OF CHANGE: 20050425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWESTERN CORP CENTRAL INDEX KEY: 0000073088 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 460172280 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10499 FILM NUMBER: 05771184 BUSINESS ADDRESS: STREET 1: 125 S DAKOTA AVENUE STREET 2: SUITE 1100 CITY: SIOUX STATE: SD ZIP: 57104 BUSINESS PHONE: 6059782908 MAIL ADDRESS: STREET 1: 125 S DAKOTA AVENUE STREET 2: SUITE 1100 CITY: SIOUX STATE: SD ZIP: 57104 FORMER COMPANY: FORMER CONFORMED NAME: NORTHWESTERN PUBLIC SERVICE CO DATE OF NAME CHANGE: 19920703 8-K 1 nw8k-042605.txt - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 22, 2005 NorthWestern Corporation (Exact name of registrant as specified in its charter) Delaware 0-692 46-0172280 (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification No.) 125 South Dakota Avenue 57104 Sioux Falls, South Dakota (Zip Code) (Address of principal executive offices) (605) 978-2908 (Registrant's telephone number, including area code) - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Item 8.01 Other Events On April 22, 2005, the Company issued a press release announcing that it paid down from available cash its Senior Secured Term Loan B by $25 million, reducing the seven-year term loan amount to approximately $74.8 million. The Company has reduced debt by approximately $33 million since year-end 2004 from available cash, which brings the Company's total outstanding debt to approximately fifty-two percent (52%). The Company also announced that its President, Michael J. Hanson, will speak at the American Gas Association Financial Forum in New Orleans on May 2, 2005. Mr. Hanson and the Company's Chief Financial Officer, Brian B. Bird, will discuss the Company's financial and operational highlights for the first quarter of 2005. The Company will report its 2005 first quarter results before the market opens on May 2, 2005. The press release is attached hereto as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits EXHIBIT NO. DESCRIPTION OF DOCUMENT - -------------------------------------------------------------------------------- 99.1* Press Release of NorthWestern Corporation dated April 22, 2005 * filed herewith SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NorthWestern Corporation By: /s/ Roger Schrum -------------------------------------- Roger Schrum Vice President - Human Resources and Communications Date: April 25, 2005 Index to Exhibits ----------------- EXHIBIT NO. DESCRIPTION OF DOCUMENT - -------------------------------------------------------------------------------- 99.1* Press Release of NorthWestern Corporation dated April 22, 2005 * filed herewith EX-99 2 ex99-1.txt EX. 99.1: PRESS RELEASE Exhibit 99.1 [NORTHWESTERN ENERGY LOGO] NorthWestern Corporation d/b/a NorthWestern Energy 125 S. Dakota Ave. Sioux Falls, SD 57104 www.northwesternenergy.com News Release NASDAQ: NWEC FOR IMMEDIATE RELEASE Media/Investor Relations Contact: Roger Schrum 605-978-2848 roger.schrum@northwestern.com - -------------------------------------------------------------------------------- NORTHWESTERN CORPORATION REPORTS DEBT REDUCTION PRESIDENT HANSON TO SPEAK AT AGA FINANCIAL FORUM COMPANY TO REPORT 2005 FIRST QUARTER FINANCIAL RESULTS ON MAY 2, 2005 SIOUX FALLS, S.D. - April 22, 2005 - NorthWestern Corporation d/b/a NorthWestern Energy (NASDAQ: NWEC) announced today that it paid down from available cash its Senior Secured Term Loan B by $25 million, reducing the seven-year term loan amount to approximately $74.8 million. According to Brian B. Bird, NorthWestern's Chief Financial Officer, the Company has reduced debt by approximately $33 million since year-end 2004 from available cash, which brings the amount of NorthWestern's total outstanding debt to approximately $795 million. The debt reduction brings the company's debt to capitalization to approximately 52 percent. "We continue to make progress on improving our capital structure by reducing debt through the payment of maturing obligations and early redemptions," Bird said. "We are targeting further reductions this year, including the payment of $60 million in maturing First Mortgage Bonds at the end of third quarter of 2005." Hanson to Speak at AGA Financial Forum Michael J. Hanson, President of NorthWestern, will speak at the American Gas Association Financial Forum in New Orleans on May 2, 2005, at 3:55 p.m. Central time. Hanson and Chief Financial Officer Bird will discuss the Company's financial and operational highlights for the first quarter of 2005. NorthWestern will report its 2005 first quarter financial results before the market opens on May 2, 2005. - More - NorthWestern Reports Debt Reduction April 22, 2005 Page 2 A live webcast of the Company's presentation at the AGA Financial Forum will be broadcast on the Internet on NorthWestern's Web site at http://www.northwesternenergy.com under the "Investor Information" heading. To listen to the live presentation, please go to the site at least 10 minutes in advance of the presentation to register. An archived webcast will also be available shortly after the presentation and will be available for 30 days. About NorthWestern Energy NorthWestern Energy is one of the largest providers of electricity and natural gas in the Upper Midwest and Northwest, serving more than 617,000 customers in Montana, South Dakota and Nebraska. More information on NorthWestern Energy is available on the Company's Web site at www.northwesternenergy.com. ### -----END PRIVACY-ENHANCED MESSAGE-----