Company: TVC
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001376986-25-000015
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Company: Tennessee Valley Authority
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.03
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The Tennessee Valley Authority ("TVA") entered into an agreement on February 11, 2025, to issue

$1,250,000,000 of TVA's 5.250% Global Power Bonds 2025 Series A Due February 1, 2055 (the "Bonds"). The settlement date for the transaction is February 14, 2025. The Bonds bear a coupon rate of 5.250% and pay interest semi-annually on each February 1 and August 1, beginning August 1, 2025. The Bonds mature on February 1, 2055, and are not subject to redemption prior to maturity. After reflecting the transaction's discount and after deducting the fees of the managers, net proceeds to TVA are $1,225,837,500, exclusive of out-of-pocket expenses incurred in connection with offering the Bonds.

Item 8.01 Other Events.