Company: TVC
Filing Date: 2025-05-16
Form Type: 8-K
Source: 0001376986-25-000034
Chunk: 0

Company: Tennessee Valley Authority
Filing Date: 2025-05-16
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 May 13, 2025, to issue $1,500,000,000 of TVA's 4.875% Global Power Bonds 2025 Series B Due May 15, 2035 (the "Bonds"). The settlement date for the transaction is May 16, 2025. The Bonds bear a coupon rate of 4.875% and pay interest semi-annually on each May 15 and November 15, beginning November 15, 2025. The Bonds mature on May 15, 2035, 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 $1,485,525,000, exclusive of out-of-pocket expenses incurred in connection with offering the Bonds.

Item 8.01 Other Events.