TVA Enters Material Definitive Agreement

TL;DR

TVA just signed a big deal, creating a new financial obligation.

AI Summary

On June 14, 2024, the Tennessee Valley Authority (TVA) entered into a material definitive agreement related to a direct financial obligation. The filing details the creation of this obligation, which is a significant event for the federally owned corporation. Specific details of the agreement, including the exact financial terms and parties involved, are expected to be further elaborated in the accompanying exhibits.

Why It Matters

This filing indicates a new financial commitment or obligation for the Tennessee Valley Authority, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce financial risks or opportunities that warrant closer examination.

Key Players & Entities

• Tennessee Valley Authority (company) — Registrant
• June 14, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $500,000,000 — ty ("TVA") executed an amendment to its $500,000,000 credit agreement dated as of August 7,

Filing Documents

• tve-20240614.htm (8-K) — 30KB
• exhibit101fifthamendment.htm (EX-10.1) — 43KB
• tve-20240614_g1.jpg (GRAPHIC) — 59KB
• 0001376986-24-000014.txt ( ) — 369KB
• tve-20240614.xsd (EX-101.SCH) — 2KB
• tve-20240614_def.xml (EX-101.DEF) — 14KB
• tve-20240614_lab.xml (EX-101.LAB) — 24KB
• tve-20240614_pre.xml (EX-101.PRE) — 14KB
• tve-20240614_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On June 14, 2024, the Tennessee Valley Authority ("TVA") executed an amendment to its $500,000,000 credit agreement dated as of August 7, 2015, and amended as of February 28, 2017, February 21, 2018, February 27, 2020, and January 5, 2023, with Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender. The amendment, among other things, extends the maturity date of the agreement to February 1, 2028. This description of the amendment is a summary only and is qualified in its entirety by the full and complete text of the amendment. A copy of the amendment is filed as Exhibit 10.1 hereto and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 above is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. EXHIBIT NO. DESCRIPTION OF EXHIBIT 10.1 Fifth Amendment Dated as of June 14, 2024, to the $500,000,000 February Maturity Credit Agreement Dated as of August 7, 2015, and Amended as of February 28, 2017, February 21, 2018, February 27, 2020, and January 5, 2023, among TVA and Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Tennessee Valley Authority (Registrant) Date: June 14, 2024 /s/ John M. Thomas, III John M. Thomas, III Executive Vice President and Chief Financial and Strategy Officer EXHIBIT INDEX This exhibit is filed pursuant to Items 1.01 and 2.03 hereof. EXHIBIT NO. DESCRIPTION OF EXHIBIT 10.1 F ifth Amendment Dated as of J une 14 , 202 4 , to the $500,000,000 February Maturity Credit Agreement Dated as of August 7, 2015, and Amended as of February 28, 2017, February 21, 2018, February 27, 2020, and January 5, 2023, among TVA and Bank of America, N.A., as Administrative Agent, Letter of Credit Issuer, and a Lender

View Full Filing

View this 8-K filing on SEC EDGAR