---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-069906"
form_type: "8-K"
ticker: null
cik: "0000885568"
company_name: "OLD DOMINION ELECTRIC COOPERATIVE"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:52:34.147311+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Old Dominion Electric enters $400M credit agreement, appoints new COO and CLO

## Summary
- Entered $400M Second Amended and Restated Credit Agreement, maturing Dec 7, 2028, with CFC as administrative agent.
- Borrowings bear interest at SOFR plus margin ranging from 1.00% to 1.50% based on credit ratings.
- Micheal L. Hern to resign as SVP and Chief Legal Officer effective Dec 31, 2023.
- Christopher F. Cosby appointed SVP and COO effective Dec 12, 2023; previously SVP of Power Supply.
- John M. Robb III appointed SVP and Chief Legal Officer effective Jan 1, 2024, succeeding Hern.

## SEC filing metadata
- accession: 0000950170-23-069906
- form_type: 8-K
- cik: 0000885568
- company_name: OLD DOMINION ELECTRIC COOPERATIVE
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885568/000095017023069906/0000950170-23-069906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885568/000095017023069906/ck0000885568-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-069906
- JSON: https://secwatch.observer/filing/0000950170-23-069906.json
- Plain text: https://secwatch.observer/filing/0000950170-23-069906.txt

## Key facts
- Debt Financings
  OLD DOMINION ELECTRIC COOPERATIVE incurred revolving credit of $400 million in aggregate commitments with National Rural Utilities Cooperative Finance Corporation at Adjusted Term SOFR plus a margin ranging from 1.00% to 1.50% maturing December 7, 2028.
  - Instrument: revolving credit
  - Principal: $400 million in aggregate commitments
  - Counterparty: National Rural Utilities Cooperative Finance Corporation
  - Rate: Adjusted Term SOFR plus a margin ranging from 1.00% to 1.50%
  - Maturity: December 7, 2028
  - Event: incurrence
  source text: The $400 million in aggregate commitments under the credit agreement mature on December 7, 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017023069906/0000950170-23-069906-index.htm
- Executive change
  Micheal L. Hern resigned as Senior Vice President and Chief Legal Officer at OLD DOMINION ELECTRIC COOPERATIVE.
  - Action: resigned
  - Role: Senior Vice President and Chief Legal Officer
  source text: Mr. Micheal L. Hern will resign from his position as Senior Vice President and Chief Legal Officer effective December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017023069906/0000950170-23-069906-index.htm
- Executive change
  Christopher F. Cosby was appointed as Senior Vice President and Chief Operating Officer at OLD DOMINION ELECTRIC COOPERATIVE.
  - Action: appointed
  - Role: Senior Vice President and Chief Operating Officer
  source text: On December 12, 2023, Mr. Christopher F. Cosby was appointed Senior Vice President and Chief Operating Officer, effective December 12, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885568/000095017023069906/0000950170-23-069906-index.htm

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