Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Tennessee Valley Authority incurred credit facility of up to $1,000,000,000 with Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, and Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and Citibank, N.A., as Lenders at variable based on market factors and the rating of TVA’s senior unsecured long-t maturing September 10, 2030.
- Instrument
- credit facility
- Principal
- up to $1,000,000,000
- Counterparty
- Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, and Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and Citibank, N.A., as Lenders
- Rate
- variable based on market factors and the rating of TVA’s senior unsecured long-t
- Maturity
- September 10, 2030
- Event
- incurrence
Exact text from the filing
Issuer, and a Lender, and Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and Citibank, N.A., as Lenders. The Credit Agreement allows TVA to access up to $1,000,000,000 in either loans or letters of credit and will expire on September 10, 2030, unless the maturity date is extended in accordance with the terms of the agreement. The interest rate
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