Davis Polk advised the distribution agent on an SEC-registered at-the-market offering by Otter Tail Corporation of its common shares for up to an aggregate amount of $75 million.
Headquartered in Fergus Falls, Minnesota and Fargo, North Dakota, Otter Tail is a holding company with subsidiaries that operate in three segments: Electric, Manufacturing and Plastics.
The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Derek Dostal and associates Michael Despres and Annie Li. Counsel Ethan R. Goldman and associate M. Jared Sanders provided tax advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.