---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-215416"
form_type: "8-K"
ticker: "PCG"
cik: "0001004980"
company_name: "PG&E Corp"
filed_at: "2025-09-24T23:59:59+00:00"
generated_at: "2026-05-17T05:44:49.006332+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# PG&E Utility enters $500M term loan, borrowed Sep 24, matures Sep 2026

## Summary
- $500M term loan fully drawn on 9/24/2025, maturing 9/23/2026.
- Interest at Term SOFR +1.25% or base rate +0.25%.
- Secured by first mortgage bond under Thirtieth Supplemental Indenture.
- Covenant: total consolidated debt to capitalization ratio ≤ 65%.
- Proceeds used for general corporate purposes.

## SEC filing metadata
- accession: 0001193125-25-215416
- form_type: 8-K
- ticker: PCG
- cik: 0001004980
- company_name: PG&E Corp
- filed_at: 2025-09-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004980/000119312525215416/0001193125-25-215416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75488/000119312525215416/d38565d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-215416
- JSON: https://secwatch.observer/filing/0001193125-25-215416.json
- Plain text: https://secwatch.observer/filing/0001193125-25-215416.txt

## Key facts
- Debt Financings
  PG&E Corp incurred term loan of $500,000,000 with Wells Fargo Bank, National Association, as administrative agent at Term SOFR plus an applicable margin of 1.25%, or the alternative base rate plus maturing September 23, 2026.
  - Instrument: term loan
  - Principal: $500,000,000
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Rate: Term SOFR plus an applicable margin of 1.25%, or the alternative base rate plus
  - Maturity: September 23, 2026
  - Event: incurrence
  source text: On September 24, 2025, Pacific Gas and Electric Company (the " Utility "), the several lenders and other financial institutions or entities party thereto from time to time and Wells Fargo Bank, National Association, as administrative agent (the " Administrative Agent "), entered into a $500,000,000 Term Loan Credit Agreement (the " Credit Agreement ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004980/000119312525215416/0001193125-25-215416-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.