PG&E Corp closes $500M add-on to junior subordinated notes due 2055, total $1.5B

PG&E Corp

Closed $500M add-on of 7.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
Issued Nov 15, 2024; total outstanding principal of the series rises to $1.5B.
Notes under existing indenture dated Sep 11, 2024; underwriters: Barclays, BofA, Mizuho, Wells Fargo.
Notes are junior subordinated unsecured obligations; proceeds not specified.

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