On September 3, 2026, Northwest Natural Gas Company, a wholly owned subsidiary of Northwest Natural Holding Company, issued and sold two series of First Mortgage Bonds to certain institutional investors. The offering was made pursuant to a Bond Purchase Agreement and an exemption from registration under Section 4(a)(2) of the Securities Act of 1933.
The company sold $60,000,000 aggregate principal amount of First Mortgage Bonds, 5.62% Series due 2036. These bonds bear interest at a rate of 5.62% per annum, payable semi-annually on March 3 and September 3 of each year, beginning March 3, 2027. The 5.62% Series is scheduled to mature on September 3, 2036.
Simultaneously, the company sold $60,000,000 aggregate principal amount of First Mortgage Bonds, 6.26% Series due 2056. These bonds bear interest at a rate of 6.26% per annum, with the same semi-annual payment schedule of March 3 and September 3, beginning March 3, 2027. The 6.26% Series is scheduled to mature on September 3, 2056.
The issuance was made under the Twenty-ninth Supplemental Indenture to the company’s Mortgage and Deed of Trust, dated July 1, 1946, with Deutsche Bank Trust Company Americas serving as trustee. The bonds are subject to redemption prior to maturity at the option of Northwest Natural Gas Company under specific conditions regarding the timing and redemption price.
