secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0001376986-22-000007
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TVA enters $1B amended credit facility expiring March 2027
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- Second Amended and Restated March Maturity Credit Agreement for $1,000,000,000 replaces September 2018 facility.
- Toronto Dominion (Texas) LLC as Administrative Agent; Lenders include Bank of America, CIBC, First Horizon, Morgan Stanley, BNY Mellon.
- Maturity date March 25, 2027; interest rate variable based on TVA's senior unsecured long-term debt rating.
- Unused facility fee and letter of credit fees fluctuate with TVA's credit rating.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698622000007/0001376986-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698622000007/tve-20220325.htm
  HTML page:      https://secwatch.observer/filing/0001376986-22-000007

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