ODEC issues $250M of 5.37% First Mortgage Bonds due 2052

OLD DOMINION ELECTRIC COOPERATIVE

$250M of 5.37% First Mortgage Bonds, 2025 Series A, due December 1, 2052, issued in private placement.
Net proceeds to repay existing indebtedness and for general corporate purposes.
Interest payable semi-annually on June 1 and December 1, beginning June 1, 2026.
Bonds are secured ratably with all other obligations under Indenture; redeemable at ODEC's option with make-whole premium.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

OLD DOMINION ELECTRIC COOPERATIVE incurred senior notes of $250.0 million with institutional investors in the private placement market at 5.37% per annum maturing December 1, 2052.

Instrument: senior notes
Principal: $250.0 million
Counterparty: institutional investors in the private placement market
Rate: 5.37% per annum
Maturity: December 1, 2052
Event: incurrence

Exact text from the filing

On December 16, 2025, Old Dominion Electric Cooperative (“ODEC”) issued and sold $250.0 million of 5.37% First Mortgage Bonds, 2025 Series A due December 1, 2052 (the “Bonds”), pursuant to a bond purchase agreement with institutional investors in the private placement market.

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Source: SEC EDGAR

accession 0001193125-25-326002

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