{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-053909","form_type":"8-K","ticker":null,"cik":"0001085392","company_name":"PUGET ENERGY INC /WA","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.896518+00:00","generated_at":"2026-05-24T20:17:11.750804+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Puget Energy issues $600M of 5.725% senior secured notes due 2035","bullets":["$600M of 5.725% senior secured notes due 2035 issued; interest payable semiannually starting Sept 15, 2025.","Proceeds to repay $400M of 3.650% notes maturing May 2025 and ~$190M on credit facility; remainder for general corporate purposes.","Notes secured by substantially all company assets, mainly equity in wholly owned Puget Sound Energy; equal ranking with other senior secured debt.","Offered via private placement under Rule 144A/Reg S; Registration Rights Agreement provides for exchange offer or shelf registration.","Make-whole call at Treasury+25 bps before Dec 2034; thereafter at par; change-of-control put at 101%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-053909","json":"https://secwatch.observer/filing/0001193125-25-053909.json","markdown":"https://secwatch.observer/filing/0001193125-25-053909.md","text":"https://secwatch.observer/filing/0001193125-25-053909.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1085392/000119312525053909/0001193125-25-053909-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1085392/000119312525053909/d879816d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T20:17:11.750804+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":"51f9d4c8679aed4aabef6ad9cecf6e6fbdc6211a","claim":"PUGET ENERGY INC /WA incurred senior notes of $600 million principal amount with Computershare Trust Company, National Association at 5.725% maturing March 15, 2035.","evidence_excerpt":"the Company issued $600 million principal amount of 5.725% senior secured notes due 2035","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1085392/000119312525053909/0001193125-25-053909-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$600 million principal amount"},{"label":"Counterparty","value":"Computershare Trust Company, National Association"},{"label":"Rate","value":"5.725%"},{"label":"Maturity","value":"March 15, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}