debt
confidence high
sentiment neutral
materiality 0.65
PG&E sells $1B of 7.375% junior subordinated notes due 2055
PG&E Corp
- Aggregate principal amount of $1,000,000,000 at 7.375% fixed-to-fixed reset rate.
- Notes mature in 2055 and are junior subordinated obligations of PG&E Corporation.
- Sale completed on September 11, 2024 under indenture with Bank of New York Mellon as trustee.
- Underwriters include Barclays, BofA Securities, Mizuho, and Wells Fargo.