debt
confidence high
sentiment neutral
materiality 0.70
PG&E subsidiary issues $2.2B in First Mortgage Bonds across three tranches
PG&E Corp
- Issued $400M 6.100% due 2029, $1B 5.200% due 2036, $800M 6.000% due 2056.
- After close, outstanding 2029 bonds aggregate $1.25B.
- Underwriting agreement dated Feb 18, 2026; sale closed Feb 20, 2026.
- Underwriters: BMO Capital Markets, BofA Securities, SMBC Nikko, Wells Fargo.