secwatch.observer — SEC 8-K summary
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Issuer:     PACIFICORP /OR/ (—)
CIK:        0000075594
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0000075594-26-000015
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PacifiCorp enters $2.55B LC facility and surety bonds for wildfire appeal
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- LC facility from PNC Bank and others: $2.55B aggregate, two-year term, to secure surety bonds for James wildfire judgment appeals.
- Surety facility with Euler Hermes: up to $2.55B, fully collateralized by LCs, for supersedeas bonds stay judgments pending appeal.
- Fees: 12.5 bps annual commitment premium; 35 bps per annum on drawn amounts.
- Regulatory approvals required (Idaho PUC, Oregon PUC) before issuance effective date by Sept 30, 2026.
- Event of default triggers 103% cash collateral requirement and acceleration of reimbursement obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75594/000007559426000015/0000075594-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75594/000007559426000015/pacificorp-20260402.htm
  HTML page:      https://secwatch.observer/filing/0000075594-26-000015

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