Otter Tail Corporation’s $75 Million Share Offering


Dorsey & Whitney LLP acted as legal advisor to Otter Tail Corporation. Davis Polk advised the distribution agent KeyBanc Capital Markets in the offering.

Otter Tail Corporation issued common shares for up to an aggregate amount of $75 million, par value $5.00 per share.

KeyBanc Capital Markets acted as the Company’s distribution agent for the offer and sale of the shares.

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 (Picture) 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.

Involved fees earner: Michael Despres – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Annie Li – Davis Polk & Wardwell; Jared Sanders – Davis Polk & Wardwell; David Zilberberg – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: KeyBanc Capital Markets;