---
schema_version: "secwatch.filing_event.v1"
accession: "0001637880-26-000019"
form_type: "8-K"
ticker: null
cik: "0001637880"
company_name: "Tri-State Generation & Transmission Association, Inc."
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:07:02.020461+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tri-State enters $650M credit facility, extends maturity to 2031; director change

## Summary
- New $650M secured revolving credit agreement replaces prior $520M facility; maturity April 21, 2031.
- Interest at Term SOFR +1.25% or alternate base rate +0.25% (margin based on credit ratings).
- Proceeds for working capital, capex, letters of credit, and commercial paper backup.
- Kelly Sheridan appointed to Board effective May 1, 2026, replacing Ronald Hilkey (White River Electric).

## SEC filing metadata
- accession: 0001637880-26-000019
- form_type: 8-K
- cik: 0001637880
- company_name: Tri-State Generation & Transmission Association, Inc.
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000019/0001637880-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000019/tris-20260417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637880-26-000019
- JSON: https://secwatch.observer/filing/0001637880-26-000019.json
- Plain text: https://secwatch.observer/filing/0001637880-26-000019.txt

## Source-grounded claims
- claim_id: 36f8b630e7b86c4b6996f45f02162aeb68f16996
  claim: Tri-State Generation & Transmission Association, Inc. incurred credit facility of $650 million with National Rural Utilities Cooperative Finance Corporation at Term SOFR plus a margin (currently 1.25%) or alternate base rate plus a margin ( maturing April 21, 2031.
  evidence_excerpt: On April 21, 2026, Tri-State Generation and Transmission Association, Inc. (“Tri-State”) entered into a second amended and restated secured revolving credit facility with eight lenders, including National Rural Utilities Cooperative Finance Corporation (“CFC”), as sole arranger and administrative agent, in the amount of $650 million (“2026 Credit Agreement”), inclusive of swingline loan and letter of credit sublimits of $150 million each.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000019/0001637880-26-000019-index.htm
- claim_id: 379683b6a34e3746820e921543d6129264f489e4
  claim: Tri-State Generation & Transmission Association, Inc. amended 2026 Credit Agreement with eight lenders, including National Rural Utilities Cooperative Finance Corporation (CFC), as sole arranger and administrative agent valued at $650 million (effective 2026-04-21).
  evidence_excerpt: On April 21, 2026, Tri-State Generation and Transmission Association, Inc. (“Tri-State”) entered into a second amended and restated secured revolving credit facility with eight lenders, including National Rural Utilities Cooperative Finance Corporation (“CFC”), as sole arranger and administrative agent, in the amount of $650 million (“2026 Credit Agreement”), inclusive of swingline loan and letter of credit sublimits of $150 million each.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000019/0001637880-26-000019-index.htm
- claim_id: 6621bc338c58a5d797b07f45e679ab7d5c55b47e
  claim: Tri-State Generation & Transmission Association, Inc. terminated Tri-State’s $520 million secured revolving credit agreement, dated April 25, 2022 with CFC, as administrative agent valued at $520 million (effective 2026-04-21).
  evidence_excerpt: The 2026 Credit Agreement amended and restated Tri-State’s $520 million secured revolving credit agreement, dated April 25, 2022, with CFC, as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637880/000163788026000019/0001637880-26-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.