TAMPA ELECTRIC CO: debt financing — Tampa Electric enters $200M 364-day credit facility, amends existing agreement

Amendment No. 1 amends the interest rate provision of the Seventh Amended and Restated Credit Agreement dated as of December 17, 2021, among Tampa Electric, Wells Fargo Bank, National Association, as Administrative Agent and the Lenders, to provide for interest to accrue at variable rates based on the secured overnight financing rate administered by the Federal Reserve Bank of New York, plus a margin

The Credit Agreement is a 364-day, $200 million senior unsecured revolving loan credit facility with a maturity date of April 2, 2024. The Credit Agreement contains customary representations and warranties, events of default, and financial and other covenants; and provides for interest to accrue at variable rates based on the secured overnight financing rate administered by the Federal Reserve Bank of New York, plus a margin

On April 3, 2023, Tampa Electric Company (“Tampa Electric”) entered into a Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as Administrative Agent, Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Canada Branch, Royal Bank of Canada, The Bank of Nova Scotia, and Morgan Stanley Senior Lending, Inc. as Joint Lead Arrangers and Joint Bookrunners, JPMorgan Chase Bank, N.A. as Syndication Agent, MUFG Bank, Ltd., Canada Branch, Royal Bank of Canada, The Bank of Nova Scotia, and Morgan Stanley Senior Lending, Inc. as Documentation Agents, and the following lenders (the “Lenders”): Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., Morgan Stanley Bank, N.A., MUFG Bank, Ltd., Canada Branch, Royal Bank of Canada, The Bank of Nova Scotia, Bank of America N.A., Bank of Montreal, Canadian Imperial Bank of Commerce, New York Branch, The Toronto-Dominion Bank, New York Branch, and Truist Bank.

In addition, on April 3, 2023, Tampa Electric entered into Amendment No. 1 to Seventh Amended and Restated Credit Agreement (“Amendment No. 1”) with Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders.