{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-288500","form_type":"8-K","ticker":"PCG","cik":"0001004980","company_name":"PG&E Corp","filed_at":"2023-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.801554+00:00","generated_at":"2026-06-07T18:30:53.278123+00:00","sec_items":["2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PG&E issues $2.15B of 4.25% Convertible Senior Secured Notes due 2027","bullets":["Completed sale of $2.15B aggregate principal (includes $250M from full exercise of initial purchasers' option) of 4.25% Convertible Senior Secured Notes due December 1, 2027.","Notes secured by first-lien pledge of 100% of PG&E's common stock in its subsidiary Pacific Gas and Electric Company.","Initial conversion price ~$23.18 per share (35% premium over Nov 29 closing price); maximum shares issuable ~125.2 million.","Sold in private offering under Rule 144A; notes and underlying shares not registered under Securities Act.","Company intends to settle conversions with combination of $1,000 cash per $1,000 note plus shares for any excess."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-288500","json":"https://secwatch.observer/filing/0001193125-23-288500.json","markdown":"https://secwatch.observer/filing/0001193125-23-288500.md","text":"https://secwatch.observer/filing/0001193125-23-288500.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004980/000119312523288500/0001193125-23-288500-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/75488/000119312523288500/d569271d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T18:30:53.278123+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":"f1d05e4bb966f1ee98550c8008bafcc457b68d57","claim":"PG&E Corp incurred convertible notes of $2,150,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as trustee; JPMorgan Chase Bank, N.A., as collateral agent at 4.25% per year maturing December 1, 2027.","evidence_excerpt":"On December 4, 2023, PG&E Corporation (the “Company”) completed the sale of $2,150,000,000 aggregate principal amount of 4.25% Convertible Senior Secured Notes due 2027 (the “Convertible Notes\"), which included an additional $250,000,00 aggregate principal amount of Convertible Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004980/000119312523288500/0001193125-23-288500-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,150,000,000 aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A., as trustee; JPMorgan Chase Bank, N.A., as collateral agent"},{"label":"Rate","value":"4.25% per year"},{"label":"Maturity","value":"December 1, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}