Issuer:
|
Otter Tail Corporation | |||
Size:
|
$100,000,000 | |||
Maturity:
|
December 15, 2016 | |||
Coupon (Interest Rate):
|
9.000% | |||
Yield to Maturity:
|
9.000% | |||
Spread to Benchmark Treasury:
|
T+628.7 bps | |||
Benchmark Treasury:
|
2.750% due November 30, 2016 | |||
Benchmark Treasury Price and Yield:
|
$100-07+ / 2.713% | |||
Interest Payment Dates:
|
June 15 and December 15, commencing June 15, 2010 | |||
Redemption Provision:
|
T+50 bps | |||
Price to Public:
|
99.994% | |||
Settlement Date:
|
T+3; December 4, 2009 | |||
CUSIP / ISIN
|
689648AR4 / US689648AR49 | |||
Ratings*:
|
Ba1 by Moodys Investors Service, Inc. BB+ by Standard & Poors Ratings Services BBB- Fitch Ratings, Inc. | |||
Joint Book-Running Managers
|
Banc of America Securities LLC J.P. Morgan Securities Inc. |
|||
Lead Manager
|
U.S. Bancorp Investments, Inc. | |||
Co-Managers
|
BNP Paribas Securities Corp. KeyBanc Capital Markets Inc. Wells Fargo Securities, LLC |