--- schema_version: "secwatch.filing_event.v1" accession: "0001376986-23-000013" form_type: "8-K" ticker: "TVE" cik: "0001376986" company_name: "Tennessee Valley Authority" filed_at: "2023-04-03T23:59:59+00:00" generated_at: "2026-06-17T06:52:00.329278+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.3 calibrated_materiality_score: 0.3 confidence: "high" source: SEC EDGAR --- # TVA amends two credit facilities: extends one maturity, switches to SOFR ## Summary - Extended December Maturity Community Bank Credit Agreement maturity to March 29, 2026. - Replaced LIBOR benchmark with SOFR in both December and September Maturity credit agreements. - Lenders include Truist Bank, Regions, United Community, Pinnacle, First Horizon, SmartBank, HomeTrust, and First National Bank. - Amendments effective March 29, 2023; filed as 8-K on April 3, 2023. ## SEC filing metadata - accession: 0001376986-23-000013 - form_type: 8-K - ticker: TVE - cik: 0001376986 - company_name: Tennessee Valley Authority - filed_at: 2023-04-03T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.3 - calibrated_materiality_score: 0.3 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1376986/000137698623000013/0001376986-23-000013-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376986/000137698623000013/tve-20230329.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001376986-23-000013 - JSON: https://secwatch.observer/filing/0001376986-23-000013.json - Plain text: https://secwatch.observer/filing/0001376986-23-000013.txt ## Key facts - Debt Financings Tennessee Valley Authority amended credit facility with Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank at Secured Overnight Financing Rate (SOFR) benchmark maturing March 29, 2026. - Instrument: credit facility - Counterparty: Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank - Rate: Secured Overnight Financing Rate (SOFR) benchmark - Maturity: March 29, 2026 - Event: amendment source text: On March 29, 2023, the Tennessee Valley Authority (“TVA”) executed an amendment to the December Maturity Community Bank Credit Agreement Dated as of December 12, 2016, and Amended as of December 11, 2018 and February 9, 2021, Among TVA, as the Borrower, Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank. evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698623000013/0001376986-23-000013-index.htm - Debt Financings Tennessee Valley Authority amended credit facility with Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas at Secured Overnight Financing Rate (SOFR) benchmark. - Instrument: credit facility - Counterparty: Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas - Rate: Secured Overnight Financing Rate (SOFR) benchmark - Event: amendment source text: On March 29, 2023, TVA also executed an amendment to its Second Amended and Restated September Maturity Credit Agreement Dated as of September 21, 2021, Among TVA, as the Borrower, Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas. evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698623000013/0001376986-23-000013-index.htm - Material Agreements Tennessee Valley Authority amended December Maturity Community Bank Credit Agreement with Truist Bank, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank (effective 2023-03-29). - Action: amendment - Agreement: credit facility - Counterparty: Truist Bank, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank - Effective: 2023-03-29 source text: On March 29, 2023, the Tennessee Valley Authority (“TVA”) executed an amendment to the December Maturity Community Bank Credit Agreement Dated as of December 12, 2016, and Amended as of December 11, 2018 and February 9, 2021, Among TVA, as the Borrower, Truist Bank, as Administrative Agent, Letter of Credit Issuer, and a Lender, United Community Bank, Regions Bank, Pinnacle Bank, First Horizon Bank, SmartBank, HomeTrust Bank, and First National Bank. evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698623000013/0001376986-23-000013-index.htm - Material Agreements Tennessee Valley Authority amended Second Amended and Restated September Maturity Credit Agreement with Royal Bank of Canada, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas (effective 2023-03-29). - Action: amendment - Agreement: credit facility - Counterparty: Royal Bank of Canada, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas - Effective: 2023-03-29 source text: On March 29, 2023, TVA also executed an amendment to its Second Amended and Restated September Maturity Credit Agreement Dated as of September 21, 2021, Among TVA, as the Borrower, Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and BNP Paribas. evidence_url: https://www.sec.gov/Archives/edgar/data/1376986/000137698623000013/0001376986-23-000013-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.