secwatch.observer — SEC 8-K summary
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Issuer:     SIERRA PACIFIC POWER CO (—)
CIK:        0000090144
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0000090144-23-000009
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sierra Pacific Power issues $400M 5.9% notes due 2054
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- Completed sale of $400M aggregate principal of 5.900% General and Refunding Mortgage Notes due 2054.
- Interest payable semi-annually starting March 15, 2024; notes mature March 15, 2054.
- Proceeds to fund capex, repay short-term borrowings used to redeem prior 3.375% Series T notes.
- Company entered into registration rights agreement; failure to register could trigger 0.25%-0.50% additional interest per annum.
- Corrected prior 8-K error regarding Events of Default under the G&R Indenture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90144/000009014423000009/0000090144-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90144/000009014423000009/sppc-20230913.htm
  HTML page:      https://secwatch.observer/filing/0000090144-23-000009

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