8-K
filed February 23, 2024, 6:59 PM ET
ticker POR
CIK 0000784977
debt
confidence high
sentiment neutral
materiality 0.50
PORTLAND GENERAL ELECTRIC CO /OR/ (POR): debt financing — Portland General Electric issues $450M in First Mortgage Bonds across three tranches
PORTLAND GENERAL ELECTRIC CO /OR/
- $100M at 5.15% due 2029; $100M at 5.36% due 2034; $250M at 5.73% due 2054.
- Bonds sold via private placement to institutional buyers, issued and funded on Feb 22, 2024.
- Proceeds to refinance existing debt, fund general corporate purposes and capital expenditures.
- Bonds are redeemable at PGE's option per the Eighty-Second Supplemental Indenture.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $100 million with institutional buyers at 5.36% maturing 2034.
- Instrument
- senior notes
- Principal
- $100 million
- Counterparty
- institutional buyers
- Rate
- 5.36%
- Maturity
- 2034
- Event
- incurrence
Exact text from the filing
On February 22, 2024, 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 $450 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $250 million with institutional buyers at 5.73% maturing 2054.
- Instrument
- senior notes
- Principal
- $250 million
- Counterparty
- institutional buyers
- Rate
- 5.73%
- Maturity
- 2054
- Event
- incurrence
Exact text from the filing
On February 22, 2024, 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 $450 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PORTLAND GENERAL ELECTRIC CO /OR/ incurred senior notes of $450 million aggregate principal amount with institutional buyers at 5.15% maturing 2029.
- Instrument
- senior notes
- Principal
- $450 million aggregate principal amount
- Counterparty
- institutional buyers
- Rate
- 5.15%
- Maturity
- 2029
- Event
- incurrence
Exact text from the filing
On February 22, 2024, 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 $450 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”). The Bonds consist of: • a series, due in 2029, in the amount of $100 million that will bear interest from its issuance date at an annual rate of 5.15%;
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
PORTLAND GENERAL ELECTRIC CO /OR/ entered into Bond Purchase Agreement with certain institutional buyers valued at $450 million aggregate principal amount (effective 2024-02-22).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain institutional buyers
- Value
- $450 million aggregate principal amount
- Effective
- 2024-02-22
Exact text from the filing
On February 22, 2024, 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 $450 million aggregate principal amount of the Company's First Mortgage Bonds
View on SEC.gov
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