secwatch.observer — SEC 8-K summary
======================================

Issuer:     PG&E Corp (PCG)
CIK:        0001004980
Form:       8-K
Filed at:   2025-09-24T23:59:59+00:00
Accession:  0001193125-25-215416
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004980/000119312525215416/0001193125-25-215416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75488/000119312525215416/d38565d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-215416

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer