Tennessee Valley Authority — Form 8-K
Filed July 15, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
Tennessee Valley Authority entered into a Third Amended and Restated July Maturity Credit Agreement dated July 10, 2026, with Toronto Dominion (Texas) LLC as Administrative Agent and The Toronto-Dominion Bank, New York Branch as Lender. The facility provides $1.00 billion in aggregate commitments with a July 10, 2031 maturity date (extendable for two additional one-year periods at lender discretion). This amends and restates the prior Second Amended and Restated March Maturity Credit Agreement dated March 25, 2022. The facility includes revolving loans and standby letters of credit, with pricing tied to credit ratings (Moody's/S&P) and interest based on Term SOFR or Base Rate.
Why this rating
Standard refinancing of existing credit facility. $1B facility is 1.7% of TVA's $59.9B asset base—routine working capital arrangement. No material change to borrowing capacity or terms disclosed.
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