PG&E launches cash tender offers for up to $1 billion of 2027 notes, bonds

Reuters2026/07/27 13:04

By:Reuters

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PG&E Corp’s utility unit launched cash tender offers to buy up to USD 1 billion of debt due in 2027.
Offers cover USD 1.15 billion of 3.30% Senior Notes due Dec. 1, 2027, priority over USD 1 billion of 2.10% First Mortgage Bonds due Aug. 1, 2027.
Pricing set July 31 using a Treasury-based spread of 20 basis points; settlement expected Aug. 4.
Separately issued a conditional notice to redeem USD 450 million of 5.450% First Mortgage Bonds due June 15, 2027, with an Aug. 6 target date.
Debt repurchase depends on completing new first mortgage bond financing or other transactions to fund the purchase price.

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. PG&E Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607270902PR_NEWS_USPR_____SF12290) 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 cash tender offers for up to $1 billion of 2027 notes, bonds

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