--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-094948" form_type: "8-K" ticker: null cik: "0000096271" company_name: "TAMPA ELECTRIC CO" filed_at: "2023-04-07T23:59:59+00:00" generated_at: "2026-06-17T04:50:50.286772+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Tampa Electric enters $200M 364-day credit facility, amends existing agreement ## Summary - New $200M 364-day senior unsecured revolving credit facility (maturing April 2, 2024) with multiple banks. - Interest rate based on SOFR plus margin; alternative base rate option; facility fee paid on total commitment. - Amendment No. 1 revises interest rate provisions of existing 2021 credit agreement to SOFR-based rates. - Lenders include Wells Fargo, JPMorgan, MUFG, RBC, BNS, Morgan Stanley, BofA, BMO, CIBC, TD, Truist. ## SEC filing metadata - accession: 0001193125-23-094948 - form_type: 8-K - cik: 0000096271 - company_name: TAMPA ELECTRIC CO - filed_at: 2023-04-07T23:59:59+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/96271/000119312523094948/0001193125-23-094948-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96271/000119312523094948/d483988d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-094948 - JSON: https://secwatch.observer/filing/0001193125-23-094948.json - Plain text: https://secwatch.observer/filing/0001193125-23-094948.txt ## Key facts - Debt Financings TAMPA ELECTRIC CO amended credit facility with Wells Fargo Bank, National Association, as Administrative Agent at variable rates based on the secured overnight financing rate administered by the. - Instrument: credit facility - Counterparty: Wells Fargo Bank, National Association, as Administrative Agent - Rate: variable rates based on the secured overnight financing rate administered by the - Event: amendment source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/96271/000119312523094948/0001193125-23-094948-index.htm - Debt Financings TAMPA ELECTRIC CO incurred revolving credit of $200 million with Wells Fargo Bank, National Association, as Administrative Agent at variable rates based on the secured overnight financing rate administered by the maturing April 2, 2024. - Instrument: revolving credit - Principal: $200 million - Counterparty: Wells Fargo Bank, National Association, as Administrative Agent - Rate: variable rates based on the secured overnight financing rate administered by the - Maturity: April 2, 2024 - Event: incurrence source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/96271/000119312523094948/0001193125-23-094948-index.htm - Material Agreements TAMPA ELECTRIC CO entered into Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and the lenders party thereto valued at $200 million (effective 2023-04-03). - Action: entry - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association, as Administrative Agent, and the lenders party thereto - Value: $200 million - Effective: 2023-04-03 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/96271/000119312523094948/0001193125-23-094948-index.htm - Material Agreements TAMPA ELECTRIC CO amended Amendment No. 1 to Seventh Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders (effective 2023-04-03). - Action: amendment - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders - Effective: 2023-04-03 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/96271/000119312523094948/0001193125-23-094948-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.