PG&E launches USD 1 billion cash tender offers for 2027 notes, mortgage bonds

Reuters2026/07/27 13:11

By:Reuters

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Pacific Gas and Electric launched cash tender offers for up to USD 1 billion of bonds due 2027.
Covers USD 1.15 billion 3.30% Senior Notes due Dec. 1, 2027, priority level 1; USD 1 billion 2.10% First Mortgage Bonds due Aug. 1, 2027, priority level 2.
Pricing set at a fixed spread of 20 basis points over the relevant U.S. Treasury; price set July 31, settlement expected Aug. 4.
Transaction conditioned on completing new first mortgage bond issuance or other financing sufficient to fund accepted tenders.
Separately issued a conditional full redemption notice for USD 450 million 5.450% First Mortgage Bonds due June 15, 2027, for Aug. 6.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Gas and Electric Company published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PG&E launches USD 1 billion cash tender offers for 2027 notes, mortgage bonds

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