PG&E Corp (PCG): debt financing — PG&E utility extends revolving credit to 2030, ups commitments to $5.4B; parent revolver to 2028, ups to $650M

PG&E Corp

Utility revolver: maturity extended to June 21, 2030, commitments up $1B to $5.4B.
Parent revolver: maturity extended to June 22, 2028, commitments up $150M to $650M.
Both agreements have amended interest rate pricing grids and commitment fee grids.
Goldman Sachs exited the utility facility; 14 lenders now hold $5.4B total commitments.
Amendments executed on June 23, 2025, effective same date.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PG&E Corp amended revolving credit of $5,400,000,000 with Citibank, N.A., as administrative agent at modified both the interest rate pricing grid and commitment fee pricing grid maturing June 21, 2030.

Instrument: revolving credit
Principal: $5,400,000,000
Counterparty: Citibank, N.A., as administrative agent
Rate: modified both the interest rate pricing grid and commitment fee pricing grid
Maturity: June 21, 2030
Event: amendment

Exact text from the filing

other things, (i) extend the maturity date of such agreement to June 21, 2030, (ii) increase the aggregate commitments provided by the lenders thereunder from $4,400,000,000 to $5,400,000,000 and (iii) modify both the interest rate pricing grid and commitment fee pricing grid. The foregoing description of the Utility Amendment and the Utility Revolving Credit Agreement

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Source: SEC EDGAR

accession 0001193125-25-145743

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