PG&E Recovery Funding LLC issued $1,419,285,000 aggregate principal amount of Senior Secured Recovery Bonds, Series 2024-A, on August 1, 2024, the company said.

1. 01

   PG&E Recovery Funding LLC issued $1,419,285,000 aggregate principal amount of Senior Secured Recovery Bonds, Series 2024-A, on August 1, 2024, the company said.

2. 02

   PG&E said the Recovery Bonds were issued under an Indenture and Series Supplement dated as of August 1, 2024, which were filed as Exhibits 4.1 and 4.2. The counterparty to both documents is The Bank of New York Mellon Trust Company, N.A.

3. 03

   The company said the Recovery Bonds were offered under a Prospectus dated July 24, 2024. The filing was submitted under Item 8.01 (Other Events), and the legal opinions of Hunton Andrews Kurth LLP were filed as Exhibits 5.1 and 99.1.

4. 04

   In connection with the issuance, PG&E said PG&E Recovery Funding LLC and Pacific Gas and Electric Company entered into the Recovery Property Servicing Agreement, Recovery Property Purchase and Sale Agreement, Administration Agreement and Joinder Agreement, each dated as of August 1, 2024.

Analysis scope · Filing body only (exhibits excluded)We analyzed the filing body only. The exhibits exceeded the length limit and were excluded, so figures, financial statements and presentation materials in them were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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