Portland General Electric issues $200M in first mortgage bonds at 5.47% and 5.56%

PORTLAND GENERAL ELECTRIC CO /OR/

$100M at 5.47% due 2029 (general corporate purposes) and $100M at 5.56% due 2033 (green investments).
2029 bonds funded on Nov 30, 2022; 2033 bonds expected to close in January 2023.
Green bond proceeds for eligible renewable energy, wind, and energy storage projects.
Bonds redeemable at PGE's option; issued under Eightieth Supplemental Indenture.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

PORTLAND GENERAL ELECTRIC CO /OR/ entered into Bond Purchase Agreement with certain institutional buyers valued at $200 million aggregate principal amount (effective 2022-11-30).

Action: entry
Agreement: notes offering
Counterparty: certain institutional buyers
Value: $200 million aggregate principal amount
Effective: 2022-11-30

Exact text from the filing

On November 30, 2022, Portland General Electric Company ("PGE" or the "Company") entered into a Bond Purchase Agreement (the "Agreement") with certain institutional buyers (the "Buyers") in the private placement market, related to the sale by the Company of $200 million aggregate principal amount of the Company's First Mortgage Bonds (the "Bonds").

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273 material agreements filed in the last 30 days. Browse all material agreements →

PORTLAND GENERAL ELECTRIC CO /OR/ filing history →

Source: SEC EDGAR

accession 0000784977-22-000084

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