TVA Reports Material Definitive Agreement and Financial Obligation
Ticker: TVC · Form: 8-K · Filed: Sep 15, 2025 · CIK: 1376986
| Field | Detail |
|---|---|
| Company | Tennessee Valley Authority (TVC) |
| Form Type | 8-K |
| Filed Date | Sep 15, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1,000,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
TVA just signed a big financial deal, filing it with the SEC.
AI Summary
On September 10, 2025, Tennessee Valley Authority (TVA) entered into a material definitive agreement, specifically a direct financial obligation. This filing also includes financial statements and exhibits related to this obligation. TVA is a corporate agency of the United States, established by an act of Congress.
Why It Matters
This filing indicates a new financial commitment or obligation for the Tennessee Valley Authority, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: low — The filing reports a standard material definitive agreement and financial obligation, which is typical for a large entity like TVA and does not inherently suggest elevated risk.
Key Players & Entities
- Tennessee Valley Authority (company) — Registrant
- September 10, 2025 (date) — Date of earliest event reported
- 400 W. Summit Hill Drive Knoxville, Tennessee 37902 (address) — Principal executive offices
- 62-0474417 (identifier) — IRS Employer Identification No.
FAQ
What type of material definitive agreement did TVA enter into?
The filing indicates that TVA entered into a direct financial obligation or an obligation under an off-balance sheet arrangement.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 10, 2025.
What is the primary business of the Tennessee Valley Authority?
The Tennessee Valley Authority is classified under ELECTRIC SERVICES [4911].
Where are TVA's principal executive offices located?
TVA's principal executive offices are located at 400 W. Summit Hill Drive, Knoxville, Tennessee 37902.
What is the SEC file number for the Tennessee Valley Authority?
The SEC file number for the Tennessee Valley Authority is 000-52313.
Filing Stats: 739 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2025-09-15 15:53:35
Key Financial Figures
- $1,000,000,000 — it Agreement allows TVA to access up to $1,000,000,000 in either loans or letters of credit an
Filing Documents
- tve-20250910.htm (8-K) — 29KB
- rbc-tvathirdamendedandrest.htm (EX-10.1) — 1162KB
- tve-20250910_g1.jpg (GRAPHIC) — 59KB
- 0001376986-25-000051.txt ( ) — 1649KB
- tve-20250910.xsd (EX-101.SCH) — 2KB
- tve-20250910_def.xml (EX-101.DEF) — 14KB
- tve-20250910_lab.xml (EX-101.LAB) — 24KB
- tve-20250910_pre.xml (EX-101.PRE) — 14KB
- tve-20250910_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 10, 2025, the Tennessee Valley Authority ("TVA") entered into a Third Amended and Restated September Maturity Credit Agreement (the "Credit Agreement") with Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, and Truist Bank, Barclays Bank PLC, Wells Fargo Bank, N.A., Regions Bank, and Citibank, N.A., as Lenders. The Credit Agreement allows TVA to access up to $1,000,000,000 in either loans or letters of credit and will expire on September 10, 2030, unless the maturity date is extended in accordance with the terms of the agreement. The interest rate on any borrowing under the Credit Agreement is variable based on market factors and the rating of TVA's senior unsecured long-term non-credit enhanced debt. TVA is required to pay an unused facility fee on the portion of the $1,000,000,000 against which TVA has not borrowed or committed under letters of credit. This fee, along with the fee on any letter of credit, may fluctuate depending on the rating of TVA's senior unsecured long-term non-credit enhanced debt. This description of the Credit Agreement is a summary only and is qualified in its entirety by the full and complete text of the Credit Agreement. A copy of the Credit Agreement 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 Third Amended and Restated September Maturity Credit Agreement Dated as of September 10, 2025, Among Tennessee Valley Authority, as the Borrower, Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto
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: September 15, 2025 /s/ Thomas C. Rice Thomas C. Rice Executive Vice President and Chief Financial Officer EXHIBIT INDEX This exhibit is filed pursuant to Items 1.01 and 2.03 hereof. EXHIBIT NO. DESCRIPTION OF EXHIBIT 10.1 Third Amended and Restated September Maturity Credit Agreement Dated as of September 10 , 202 5 , Among Tennessee Valley Authority, as the Borrower, Royal Bank of Canada, as Administrative Agent, Letter of Credit Issuer, and a Lender, and the Other Lenders Party Thereto