Loan & DebtJul 15, 2026, 02:47 PM
TVA Secures $1 Billion Amended Credit Agreement
AI Summary
Tennessee Valley Authority (TVA) has entered into a Third Amended and Restated $1,000,000,000 July Maturity Credit Agreement. This agreement amends and restates a previous credit facility, providing TVA with continued access to $1 billion in loans or letters of credit. The facility is set to expire on July 10, 2031, with variable interest rates tied to market factors and TVA's debt rating.
Key Highlights
- TVA entered into a Third Amended and Restated July Maturity Credit Agreement.
- The credit agreement provides access to up to $1,000,000,000 in loans or letters of credit.
- The agreement will expire on July 10, 2031, with potential for extension.
- Interest rates are variable, based on market factors and TVA's debt rating.
- Toronto Dominion (Texas) LLC serves as the Administrative Agent.
- TD Securities (USA) LLC is the Lead Arranger and Bookrunner.
Price Impact
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