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OFFON

PORTLAND GENERAL ELECTRIC COMPANY

(POR)
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Portland General Electric Company Enters into $650 Million Unsecured Second Amended and Restated Credit Agreement

09/14/2021 | 06:06am EDT

On September 10, 2021, Portland General Electric Company (PGE or the company) entered into a $650 million unsecured Second Amended and Restated Credit Agreement (the Credit Facility) with the lenders named therein, Wells Fargo Bank, National Association, as administrative agent for the lenders, and Wells Fargo Securities, LLC, as sustainability agent. The Credit Facility, which amends and restates its predecessor agreement, extends the scheduled termination date to September 2026 and increases the aggregate principal amount that PGE may borrow under the facility from $500 million to $650 million. The Credit Facility also retains the accordion feature, under which PGE may increase its maximum borrowing limit by $100 million, subject to the satisfaction of certain conditions described in the agreement. PGE may use the Credit Facility for general corporate purposes, including to provide liquidity, support commercial paper, refinance existing indebtedness, and support collateral requirements under PGE's energy purchase and sale agreements. The Credit Facility also provides for the issuance of letters of credit subject to an aggregate sublimit of $150 million and swingline loans subject to an aggregate sublimit of $40 million. The company may borrow for one, three, or six months at a fixed interest rate established at the time of the borrowing, or at a variable interest rate. The Credit Facility contains provisions for interest rate margin and fees pricing adjustments in the event of a change in PGE's long-term debt securities credit ratings.


ę S&P Capital IQ 2021
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10/01Portland General Electric Company Enters into Bond Purchase Agreement
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Analyst Recommendations on PORTLAND GENERAL ELECTRIC COMPANY
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Financials (USD)
Sales 2021 2 216 M - -
Net income 2021 247 M - -
Net Debt 2021 3 162 M - -
P/E ratio 2021 17,8x
Yield 2021 3,47%
Capitalization 4 361 M 4 361 M -
EV / Sales 2021 3,39x
EV / Sales 2022 3,33x
Nbr of Employees 3 639
Free-Float 99,5%
Chart PORTLAND GENERAL ELECTRIC COMPANY
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Portland General Electric Company Technical Analysis Chart | POR | US7365088472 | MarketScreener
Technical analysis trends PORTLAND GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 48,78 $
Average target price 51,82 $
Spread / Average Target 6,23%
EPS Revisions
Managers and Directors
Maria MacGregor Pope President, Chief Executive Officer & Director
James A. Ajello Chief Financial Officer & Treasurer
Jack E. Davis Chairman
John T. Kochavatr Chief Information Officer & Vice President-IT
Lisa Ann Kaner VP, General Counsel & Compliance Officer
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