PG&E Corporation said it completed the sale of $1,000,000,000 aggregate principal amount of 7.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on September 11, 2024.

8-KOther EventsFiled Sep 11, 2024Period of report Sep 9, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

PG&E Corporation said it completed the sale of $1,000,000,000 aggregate principal amount of 7.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on September 11, 2024.
The company said it issued the Notes on September 11, 2024 under the Subordinated Note Indenture and the First Supplemental Indenture, and that the trustee is The Bank of New York Mellon Trust Company, N.A.
The company said the Underwriting Agreement, dated as of September 9, 2024, is among the parties, listing Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC in the exhibit index.
The company said it attached to the filing Exhibits 5.1 and 8.1, legal opinions of Hunton Andrews Kurth LLP dated September 11, 2024, and Exhibits 23.1 and 23.2, the consents included in those opinions.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$1,000,000,000 Junior Subordinated Notes Sale Completed

PG&E Corporation said it completed the sale of $1,000,000,000 aggregate principal amount of 7.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on September 11, 2024.

Source · Based on the filing body and exhibits

Subordinated Note Indenture and Trustee

The company said it issued the Notes on September 11, 2024 under the Subordinated Note Indenture and the First Supplemental Indenture, and that the trustee is The Bank of New York Mellon Trust Company, N.A.

Source · Based on the filing body and exhibits

Underwriting Agreement and Underwriters

The company said the Underwriting Agreement, dated as of September 9, 2024, is among the parties, listing Barclays Capital Inc., BofA Securities, Inc., Mizuho Securities USA LLC and Wells Fargo Securities, LLC in the exhibit index.

Source · Based on the filing body and exhibits

Legal Opinions Attached for Notes

The company said it attached to the filing Exhibits 5.1 and 8.1, legal opinions of Hunton Andrews Kurth LLP dated September 11, 2024, and Exhibits 23.1 and 23.2, the consents included in those opinions.

Source · Based on the filing body and exhibits

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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