{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-297636","form_type":"8-K","ticker":null,"cik":"0001634997","company_name":"Avangrid, Inc.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.855754+00:00","generated_at":"2026-06-07T11:19:17.825290+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Avangrid issues parent guaranty up to $725M for Vineyard Wind 1 tax equity financing","bullets":["Parent guaranty initial amount $57M, increasing to max $725M as tax equity investors fund.","Guaranty issued Dec 13, 2023 to J.P. Morgan, Bank of America, and Wells Fargo.","Vineyard Wind 1 is 50% indirectly owned by Avangrid subsidiary; develops offshore wind off Massachusetts.","Tax equity financing of ~$1.2B closed Oct 24, 2023; parent guaranty issued upon first funding.","Guaranty covers development, construction, ownership, and operation of the Vineyard Wind 1 Project."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-297636","json":"https://secwatch.observer/filing/0001193125-23-297636.json","markdown":"https://secwatch.observer/filing/0001193125-23-297636.md","text":"https://secwatch.observer/filing/0001193125-23-297636.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1634997/000119312523297636/0001193125-23-297636-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1634997/000119312523297636/d416439d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:19:17.825290+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":"9bb2c9d83df4bba0bcc8ff20c571b545c72b3041","claim":"Avangrid, Inc. incurred guarantee of initial aggregate amount of approximately $57 million with J.P. Morgan Chase, Bank of America, and Wells Fargo.","evidence_excerpt":"the Corporation issued a parent guaranty in favor of the Tax Equity Investors (the “Tax Equity Guaranty”) in the initial aggregate amount of approximately $57 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1634997/000119312523297636/0001193125-23-297636-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Principal","value":"initial aggregate amount of approximately $57 million"},{"label":"Counterparty","value":"J.P. Morgan Chase, Bank of America, and Wells Fargo"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ceb49c974599196d472115721f5a26a617197e97","claim":"Avangrid, Inc. entered into Tax Equity Guaranty with J.P. Morgan Chase, Bank of America, and Wells Fargo valued at initial aggregate amount of approximately $57 million (effective 2023-12-13).","evidence_excerpt":"the Corporation issued a parent guaranty in favor of the Tax Equity Investors (the “Tax Equity Guaranty”) in the initial aggregate amount of approximately $57 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1634997/000119312523297636/0001193125-23-297636-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"J.P. Morgan Chase, Bank of America, and Wells Fargo"},{"label":"Value","value":"initial aggregate amount of approximately $57 million"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}