NW Natural issues $120 million of first mortgage bonds in private placement
NWN•Private placement of first mortgage bonds
NW Natural, a Northwest Natural Holding subsidiary, sold $120 million of First Mortgage Bonds to institutional investors on Sept. 3, 2026.
- The deal was split between $60 million 5.62% Series due 2036 and $60 million 6.26% Series due 2056.
- Interest is payable semi-annually on March 3 and Sept. 3, starting March 3, 2027.
- The bonds are callable before maturity at par with a make-whole premium; later callable at par, each with accrued interest.
