Knife River Holding Company in its $425 million notes offering in connection with its spinoff from MDU Resources

On April 11th, 2023, MDU Resources Group, Inc. (NYSE: MDU) announced that Knife River Holding Company, a wholly owned subsidiary of MDU Resources, has priced an offering of $425 million of 7.750% notes due 2031, in connection with the previously announced spinoff of Knife River Corporation into a separate publicly traded company. Knife River Holding Company, in connection with the anticipated spinoff, will be the new parent company for Knife River Corporation.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to MDU Resources and Knife River Holding Company in connection with the notes offering.