PG&E sets pricing for USD 1.2 billion tender offers for 2027 notes, mortgage bonds - PCG News | RalliesPG&E sets pricing for USD 1.2 billion tender offers for 2027 notes, mortgage bonds
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PCG• PG&E prices tender offers for 2027 debt
- PG&E priced cash tender offers to buy up to USD 1.2 billion of 3.30% Senior Notes due 2027 and 2.10% First Mortgage Bonds due 2027.
- It is expected to accept all tendered 3.30% Senior Notes.
- PG&E plans partial acceptance of the 2.10% First Mortgage Bonds with 26.6% proration.
- Tender Offer Consideration was set at USD 985.34 per USD 1,000 for the 3.30% Senior Notes and USD 977.95 for the 2.10% First Mortgage Bonds.
- Settlement is expected on Aug. 4, 2026. Payments include accrued interest up to, but excluding, the settlement date.
