PACIFICORP /OR/ 8-K

What Happened

• PacifiCorp announced on March 25, 2026 that it completed the sale of $2.5 billion aggregate principal amount of First Mortgage Bonds. The issuance consists of four series with the following terms: $300 million 4.650% due 2029; $550 million 5.100% due 2031; $800 million 5.450% due 2033; and $850 million 5.800% due 2036. The filing also attaches the Thirty-Seventh Supplemental Indenture to the Mortgage and Deed of Trust dated March 1, 2026, with The Bank of New York Mellon Trust Company, N.A., as Trustee.

Key Details

• Total issuance: $2,500,000,000 across four maturities (2029, 2031, 2033, 2036).
• Coupon rates: 4.650% (2029), 5.100% (2031), 5.450% (2033), 5.800% (2036).
• Completion date: March 25, 2026. Supplemental indenture dated March 1, 2026; Trustee: BNY Mellon.

Why It Matters

• The transaction increases PacifiCorp’s long-term, fixed-rate debt by $2.5 billion, adding scheduled interest and principal obligations through 2036.
• Investors should note the added interest expense and changed debt maturity profile; the filing does not specify the use of proceeds. Review PacifiCorp’s upcoming financial disclosures for details on how the capital raised will affect liquidity, credit metrics, or capital allocation.