centcreditagr.htm
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE
ACT OF 1934
Date
of Report (Date of earliest event reported) December 13,
2007
MDU
Resources Group, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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1-3480
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41-0423660
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(State
or other jurisdiction of
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(Commission
File Number)
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(I.R.S.
Employer Identification No.)
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incorporation)
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1200
West Century Avenue
P.O.
Box 5650
Bismarck,
North Dakota 58506-5650
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code (701) 530-1000
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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q
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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q
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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q
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
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q
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
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Item
2.03. Creation of a Direct Financial Obligation or an Obligation
Under an Off-Balance Sheet Arrangement of a Registrant.
On
December 13, 2007, Centennial Energy
Holdings, Inc. (Centennial), a wholly-owned subsidiary of MDU Resources Group,
Inc., entered into an amended and restated five-year revolving credit agreement
with various banks (Credit Agreement) providing for a committed line of credit
of $400 million (with provision for an increase, at the option of Centennial
on
stated conditions, up to a maximum of $450 million). The Credit
Agreement amended and restated Centennial’s existing $400 million revolving
credit agreement that had an expiration date of August 26,
2010. Centennial plans to use the Credit Agreement to provide
liquidity back-up for its ongoing commercial paper program (there were no
outstanding borrowings as of December 13, 2007), for payment of other
indebtedness outstanding from time to time and for working capital and other
general corporate purposes (including funding negotiated acquisitions and other
investments permitted under the Credit Agreement). As of December 13,
2007, there were no outstanding borrowings under the Credit
Agreement.
The
Credit Agreement contains customary covenants and default provisions, including
a covenant by Centennial not to permit, as of the end of any fiscal quarter,
the
ratio of total debt to total capitalization (determined on a consolidated basis)
to be greater than 65 percent, as computed in accordance with the terms of
the
Credit Agreement.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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MDU
RESOURCES GROUP, INC.
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Date
December 13, 2007
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By /s/
Doran N. Schwartz
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Doran
N. Schwartz
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Vice
President and
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Chief
Accounting Officer
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