secwatch.observer — SEC 8-K summary
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Issuer:     Tennessee Valley Authority (TVE)
CIK:        0001376986
Form:       8-K
Filed at:   2022-12-09T23:59:59+00:00
Accession:  0001376986-22-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TVA launches up to $3B electronotes program with maturities of 1-30 years
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- Maximum aggregate principal amount outstanding of $3,000,000,000; authorized denominations of $1,000.
- Notes mature from one year to thirty years, fixed rate, monthly/quarterly/semiannual/annual interest, book-entry via DTC.
- Agents: InspereX, Citigroup, FHN Financial Capital Markets, Morgan Stanley, Wells Fargo Advisors.
- Net proceeds to TVA estimated at $2.925B to $2.994B after agent discounts of 0.20%–2.50% and $250,000 expenses.
- Notes are not U.S. government obligations; TVA is a federal agency not registering under the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376986/000137698622000025/0001376986-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376986/000137698622000025/tve-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001376986-22-000025

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