{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-280664","form_type":"8-K","ticker":"PCG","cik":"0001004980","company_name":"PG&E Corp","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.799708+00:00","generated_at":"2026-06-07T23:09:28.558051+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PG&E Utility enters $2.1B bridge term loan with Barclays, matures Aug 2024","bullets":["Borrowed $2.1B on Nov 15, 2023 from Barclays Bank PLC and other lenders under a bridge term loan credit agreement.","Maturity Aug 15, 2024; interest at Term SOFR+1.25% or ABR+0.25%.","Secured by a first mortgage bond; prepayment required with 100% net cash from Pacific Generation LLC debt issuance.","Covenant requires total consolidated debt to capitalization ≤ 65% each fiscal quarter.","Entire amount drawn on the same day; proceeds for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-280664","json":"https://secwatch.observer/filing/0001193125-23-280664.json","markdown":"https://secwatch.observer/filing/0001193125-23-280664.md","text":"https://secwatch.observer/filing/0001193125-23-280664.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004980/000119312523280664/0001193125-23-280664-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/75488/000119312523280664/d492663d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:09:28.558051+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"39edeb39763d1b1fa1fed66f4cded8d0da63ff8f","claim":"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.","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004980/000119312523280664/0001193125-23-280664-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$2,100,000,000"},{"label":"Counterparty","value":"Barclays Bank PLC"},{"label":"Rate","value":"Term SOFR plus 0.10% credit spread adjustment plus 1.25% or alternative base rat"},{"label":"Maturity","value":"August 15, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"773e7251e8cb1d2e96d8c212138c7e3a457d8dd8","claim":"PG&E Corp entered into Bridge Term Loan Credit Agreement with Barclays Bank PLC valued at $2,100,000,000 (effective 2023-11-15).","evidence_excerpt":"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 ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004980/000119312523280664/0001193125-23-280664-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Barclays Bank PLC"},{"label":"Value","value":"$2,100,000,000"},{"label":"Effective","value":"2023-11-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}