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 $310 million aggregate principal amount with institutional buyers at 5.36% for $60M series due 2035, 5.72% for $50M series due 2045, 5.84% for $200M maturing 2035, 2045, 2055.
- Instrument
- senior notes
- Principal
- $310 million aggregate principal amount
- Counterparty
- institutional buyers
- Rate
- 5.36% for $60M series due 2035, 5.72% for $50M series due 2045, 5.84% for $200M
- Maturity
- 2035, 2045, 2055
- Event
- incurrence
Exact text from the filing
On March 25, 2025, Portland General Electric Company (“PGE” or the “Company”) entered into a Bond Purchase Agreement (the “Agreement”) with certain institutional buyers in the private placement market, related to the sale by the Company of $310 million aggregate principal amount of the Company's First Mortgage Bonds (the “Bonds”). The Bonds consist of: • a series, due in 2035, in the amount of $60 million that will bear interest from its issuance date at an annual rate of 5.36%; • a series, due in 2045, in the amount of $50 million that will bear interest from its issuance date at an annual rate of 5.72%; and • a series, due in 2055, in the amount of $200 million that will bear interest from its issuance date at an annual rate of 5.84%.
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