PG&E ($PCG) completed sale of $1.0B 6.850% Fixed‑to‑Fixed Reset Rate Junior Subordinated Notes due 2056 on…
Filed with the SEC on · Summarized by InvestorsBot
PG&E ($PCG) completed sale of $1.0B 6.850% Fixed‑to‑Fixed Reset Rate Junior Subordinated Notes due 2056 on Feb 19, 2026. Issued under amended Indenture (orig. 9/11/2024; Second Supplemental 2/19/2026). Trustee: The Bank of New York Mellon. 💵📄 #FixedIncome #Bonds
Investor takeaways: notes are junior subordinated (lower claim vs senior debt), carry a 6.85% coupon and long maturity (2056) — raising long‑term interest obligations and affecting capital structure/leverage monitoring. 🏦 $PCG #CreditRisk #Utilities
full terms and additional details are filed as exhibits to PG&E’s 8‑K (Feb 19, 2026) — see filing for indenture and note documentation. 🔎 $PCG #SECfiling #8K