Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
PG&E Corp incurred term loan of $2,100,000,000 with Barclays Bank PLC at Term SOFR plus 0.10% credit spread adjustment plus 1.25% or alternative base rat maturing August 15, 2024.
- Instrument
- term loan
- Principal
- $2,100,000,000
- Counterparty
- Barclays Bank PLC
- Rate
- Term SOFR plus 0.10% credit spread adjustment plus 1.25% or alternative base rat
- Maturity
- August 15, 2024
- Event
- incurrence
Exact text from the filing
On November 15, 2023, Pacific Gas and Electric Company (the “ Utility ”), Barclays Bank PLC and each of the lenders party thereto and Barclays Bank PLC, as administrative agent (the “ Administrative Agent ”), entered into a Bridge Term Loan Credit Agreement (the “ Bridge Term Loan Credit Agreement ”), pursuant to which the lenders agreed to make available to the Utility term loans in the aggregate principal amount equal to $2,100,000,000 (the “ Term Loans ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
PG&E Corp entered into Bridge Term Loan Credit Agreement with Barclays Bank PLC valued at $2,100,000,000 (effective 2023-11-15).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC
- Value
- $2,100,000,000
- Effective
- 2023-11-15
Exact text from the filing
On November 15, 2023, Pacific Gas and Electric Company (the “ Utility ”), Barclays Bank PLC and each of the lenders party thereto and Barclays Bank PLC, as administrative agent (the “ Administrative Agent ”), entered into a Bridge Term Loan Credit Agreement (the “ Bridge Term Loan Credit Agreement ”), pursuant to which the lenders agreed to make available to the Utility term loans in the aggregate principal amount equal to $2,100,000,000 (the “ Term Loans ”).
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