debt
confidence high
sentiment neutral
materiality 0.60
PG&E Corp. completes $1B offering of 6.850% fixed-to-fixed reset junior subordinated notes due 2056
PG&E Corp
- Aggregate principal $1,000,000,000; interest rate 6.850% fixed-to-fixed reset.
- Maturity 2056; subordinated junior notes issued under second supplemental indenture.
- Underwriters include Barclays, BofA, J.P. Morgan, Mizuho.
- Notes are junior subordinated; reset provisions apply after initial fixed period.