secwatch.observer — SEC 8-K summary
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Issuer:     PG&E Corp (PCG)
CIK:        0001004980
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001193125-24-270806
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

PG&E Corporation launches $2.4B combined public offerings of common and mandatory convertible preferred stock
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- Sold 48.66 million shares of common stock at $20.55 per share for approximately $1B in common offering.
- Issued 28 million shares of mandatory convertible preferred stock at $50 per share for $1.4B.
- Preferred stock carries 6.000% annual dividend and automatically converts into common stock on or around December 1, 2027.
- Net proceeds of approximately $2.354B will be used to fund PG&E's five-year capital investment plan.
- Joint book-running managers include J.P. Morgan, Barclays, and Citigroup.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004980/000119312524270806/0001193125-24-270806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75488/000119312524270806/d862092d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-270806

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