---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-24-000186"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-30T00:04:26.727020+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000784977-24-000186
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497724000186/0000784977-24-000186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497724000186/por-20241114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-24-000186
- JSON: https://secwatch.observer/filing/0000784977-24-000186.json
- Plain text: https://secwatch.observer/filing/0000784977-24-000186.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.