TVA enters $800M lease-purchase financing for Johnsonville gas turbine facility, receives $775M proceeds

Tennessee Valley Authority

Closed $800M financing ($80M equity + $720M secured notes) for Johnsonville Aeroderivative Combustion Turbine Facility.
Received $775,087,079 on Oct 2, 2024; proceeds for power program and transaction expenses.
30-year lease-purchase agreement; TVA makes semi-annual rent payments starting April 1, 2025 through Oct 1, 2054.
Facility consists of ten gas turbine generators; commercial operations expected by April 2025.
Rent schedule shows debt portion ~$22.6M per payment until 2045, then ~$27.3M.

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