Loop Capital Markets as co-manager on a $2.4 billion first mortgage bond offering for Pacific Gas and Electric Company

On February 16, 2022, Loop Capital Markets served as a co-manager on a four-tranche, $2.4 billion, first mortgage bond offering for Pacific Gas and Electric Company. The notes are rated Baa3/BBB- across 2-, 7-, 10- and 30-year tranches.

Use of proceeds are earmarked for the prepayment of all of the loans outstanding under the Utility 18-Month Term Loan Facility pursuant to the Utility Term Loan Credit Agreement, in an amount equal to $1.298 billion, and the remaining net proceeds for general corporate purposes, including the repayment of borrowings outstanding under the Utility Revolving Credit Facility.