Pacific Gas and Electric Company · Bankruptcy · 2019
2.95% Senior Notes due March 1, 2026
Pacific Gas and Electric Company · CUSIP 694308HP5. 8 verified questions on this obligation.
Verified outcome
Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
Source clauses
Twenty-Seventh Supplemental Indenture of 2016-03-01
Amended and Restated Indenture of 2005-04-22
- Currency
- USD
- Final maturity
- 2026-03-01
- Seniority
- Senior
- Governing law
- Not recorded
- Form
- Registered
- Transferable
- Yes (no contractual transfer restriction)
- Coupon
- 2.95%
Questions and verified answers
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
Twenty-Seventh Supplemental Indenture of 2016-03-01
Amended and Restated Indenture of 2005-04-22
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
Twenty-Seventh Supplemental Indenture of 2016-03-01
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
Twenty-Seventh Supplemental Indenture of 2016-03-01
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
Twenty-Seventh Supplemental Indenture of 2016-03-01
- #5 Does the instrument meet the Not Bearer characteristic?Yes
Twenty-Seventh Supplemental Indenture of 2016-03-01
Amended and Restated Indenture of 2005-04-22
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?YesNone: no clause making principal contingent was found.
- #7 Does the instrument meet the Transferable characteristic?YesNone: no clause restricting transfer was found.
- #8 Is the issuer of the instrument the Reference Entity?Yes
Twenty-Seventh Supplemental Indenture of 2016-03-01
| # | Question | Verified answer | Source clauses |
|---|---|---|---|
| 1 | Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent? Deliverability | Eligible | Twenty-Seventh Supplemental Indenture of 2016-03-01 Amended and Restated Indenture of 2005-04-22 |
| 2 | Does the instrument meet the Maximum Maturity characteristic (30 years)? Deliverable Obligation Characteristic | Yes | Twenty-Seventh Supplemental Indenture of 2016-03-01 |
| 3 | Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)? Deliverable Obligation Characteristic | Yes | Twenty-Seventh Supplemental Indenture of 2016-03-01 |
| 4 | Does the instrument meet the Not Subordinated characteristic? Deliverable Obligation Characteristic | Yes | Twenty-Seventh Supplemental Indenture of 2016-03-01 |
| 5 | Does the instrument meet the Not Bearer characteristic? Deliverable Obligation Characteristic | Yes | Twenty-Seventh Supplemental Indenture of 2016-03-01 Amended and Restated Indenture of 2005-04-22 |
| 6 | Is the instrument Not Contingent (principal not reducible for a reason other than payment)? Additional check | Yes | None: no clause making principal contingent was found. |
| 7 | Does the instrument meet the Transferable characteristic? Deliverable Obligation Characteristic | Yes | None: no clause restricting transfer was found. |
| 8 | Is the issuer of the instrument the Reference Entity? Reference Entity | Yes | Twenty-Seventh Supplemental Indenture of 2016-03-01 |
Documents
Terms come from these documents. Fields the record omits show as not stated.
- DOC-1 PG&E Corporation / Pacific Gas and Electric Company 8-K filed 2019-01-29, Item 1.03 Bankruptcy (and Item 2.04), petition 2019-01-29excerpts
- DOC-2 Twenty-Seventh Supplemental Indenture dated March 1, 2016, 2.95% Senior Notes due March 1, 2026 (EX-4.1)excerpts
- DOC-3 Amended and Restated Indenture dated April 22, 2005, Pacific Gas and Electric Company (base indenture, EX-4.1 to the Q1 2005 Form 10-Q)excerpts
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