secwatch.observer — SEC 8-K summary
======================================

Issuer:     OGLETHORPE POWER CORP (—)
CIK:        0000788816
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001628280-23-040379
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oglethorpe Power issues $400M of 6.20% First Mortgage Bonds due 2053
--------------------------------------------------------------------

- Issued $400M aggregate principal amount of 6.20% First Mortgage Bonds, Series 2023A due December 1, 2053.
- Sale expected to close December 5, 2023; bonds sold in private placement under Rule 144A and Regulation S.
- Interest payable semi-annually on June 1 and December 1, beginning June 1, 2024.
- Bonds redeemable at par plus make-whole premium prior to June 1, 2053; first mortgage lien on substantially all tangible property.
- Company agrees to file exchange registration statement within 180 days after issue; Special Interest accrues if registration default occurs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788816/000162828023040379/0001628280-23-040379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788816/000162828023040379/opc-20231128.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-040379

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer