FirstEnergy Transmission LLC Files 8-K

TL;DR

FET just filed an 8-K, looks like a new material agreement or financial obligation.

AI Summary

On October 27, 2025, FirstEnergy Transmission, LLC entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant, and includes a Regulation FD disclosure. The company is identified by Central Index Key 0002038118 and is incorporated in Delaware.

Why It Matters

This filing signals a significant financial event or obligation for FirstEnergy Transmission, LLC, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements and new financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• FirstEnergy Transmission, LLC (company) — Registrant
• October 27, 2025 (date) — Date of earliest event reported
• 0002038118 (company) — Central Index Key
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $1.0 billion — No. 2 (the "Amendment") to its existing $1.0 billion credit agreement by and among the Compa
• $850 million — ubsidiaries Amendment") to the existing $850 million credit agreement by and among the FET S

Filing Documents

• fet-20251027.htm (8-K) — 27KB
• ex101fetcreditfacility.htm (EX-10.1) — 128KB
• fet-20251027_g1.jpg (GRAPHIC) — 657KB
• 0002038118-25-000033.txt ( ) — 1808KB
• fet-20251027.xsd (EX-101.SCH) — 2KB
• fet-20251027_lab.xml (EX-101.LAB) — 19KB
• fet-20251027_pre.xml (EX-101.PRE) — 11KB
• fet-20251027_htm.xml (XML) — 2KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On October 27, 2025 (the "Effective Date"), FirstEnergy Transmission, LLC (the "Company") entered into Amendment No. 2 (the "Amendment") to its existing $1.0 billion credit agreement by and among the Company, as borrower, the banks and other financial institutions party thereto, as lenders, and JPMorgan Chase Bank, N.A., as administrative agent (the "Credit Agreement"). Pursuant to the Amendment, effective as of the Effective Date, the Credit Agreement was amended to, among other things: (i) remove the 10 basis point credit spread adjustment from the interest rate calculation; (ii) permit a one-week interest period for any Term Benchmark Advance (as defined in the Amendment) based upon daily simple SOFR (as defined in the Amendment); and (iii) extend the maturity date from October 20, 2029 to October 20, 2030. The foregoing description of the changes made to the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein. 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 under Item 1.01 of this Current Report on Form 8-K concerning the Company's direct financial obligations under the Credit Agreement and the Amendment is incorporated by reference herein.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure Also on the Effective Date, the Company's subsidiaries, American Transmission Systems, Incorporated, Mid-Atlantic Interstate Transmission, LLC, and Trans-Allegheny Interstate Line Company (collectively, the "FET Subsidiaries"), entered into Amendment No. 4 (the "FET Subsidiaries Amendment") to the existing $850 million credit agreement by and among the FET Subsidiaries, as borrowers, the banks and other financial institutions party thereto, as lenders, and PNC Bank, National Association, as administrative agent to, among other things: (i) remove the 10 basis point credit spread adjustment from the interest rate calculation; (ii) permit a one-week interest period for any Term Benchmark Advance (as defined in the FET Subsidiaries Amendment) based upon daily simple SOFR (as defined in the FET Subsidiaries Amendment); and (iii) extend the maturity date from October 18, 2028, to October 18, 2029. The information set forth in and incorporated into this Item 7.01 of this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any of the Company's filings under the Securities Act or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The furnishing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits ( d) Exhibits Exhibit No. Description 10.1 Amendment No. 2 to Credit Agreement, dated as of October 27, 2025, among the Company, the Lenders named therein, JPMorgan Chase Bank, N.A. and the Fronting Banks named therein. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURE 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. October 28, 2025 FIRSTENERGY TRANSMISSION LLC. Registrant By: /s/ Jason J. Lisowski Jason J. Lisowski Vice President, Controller and Director (Principal Financial Officer and Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR