Portland General Electric enters $300M credit facility, draws $220M term loan to refinance maturing bonds

PORTLAND GENERAL ELECTRIC CO /OR/

Unsecured $300M credit agreement signed Nov 14, 2024; expires Nov 17, 2025.
$220M term loan drawn; proceeds repay $80M First Mortgage Bond due Nov 15, 2024.
Interest rate: Term SOFR + 0.10% SOFR adjustment + 0.80% margin.
Remaining proceeds for general corporate purposes; loan classified as long-term debt.

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