debt
confidence high
sentiment neutral
materiality 0.90
PG&E issues $1.75 billion in first mortgage bonds due 2035 and 2055
PG&E Corp
- Pacific Gas and Electric issued $1 billion of 5.700% First Mortgage Bonds due 2035 and $750 million of 6.150% First Mortgage Bonds due 2055
- The bonds were sold on February 26, 2025 under an underwriting agreement dated February 24, 2025
- Underwriters include Mizuho Securities, MUFG Securities, SMBC Nikko Securities, and Wells Fargo Securities
- The offering adds to PG&E's outstanding debt, with the bonds secured by first mortgage liens