The utility firm sets pricing terms for its latest debt tender, targeting up to $1.2 billion in outstanding notes.
Pacific Gas and Electric (PG&E) has announced pricing for its debt tender offers, seeking to repurchase up to $1.2 billion in outstanding notes. The move aims to optimize the company’s capital structure amid ongoing financial restructuring efforts.
The tender targets specific series of senior notes, with pricing set to reflect current market conditions. PG&E’s last major debt tender in 2023 targeted $1.5 billion, part of broader efforts to manage liabilities following its 2019 bankruptcy.
No immediate market reaction was disclosed, though such tenders typically influence bond yields and investor sentiment toward the issuer.