News Column

OGLETHORPE POWER CORP FILES (8-K) Disclosing Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Other Events

June 11, 2014

Item 2.03. Creation of a Direct Financial Obligation or an



Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

Item 8.01. Other Events.



On June 9, 2014, we entered into an Underwriting Agreement with Goldman Sachs & Co. and Wells Fargo Securities, LLC, as representatives of the underwriters named therein, with respect to our issuance and sale of an aggregate principal amount of $250,000,000 of 4.55% First Mortgage Bonds, Series 2014 A under our Registration Statement on Form S-3 (File No. 333-192954) and related prospectus supplement and prospectus filed with the SEC. The first mortgage bonds are being issued pursuant to an Indenture dated March 1, 1997 between us, formerly known as Oglethorpe Power Corporation (An Electric Generation & Transmission Corporation), and U.S. Bank National Association, as trustee, successor to SunTrust Bank, Atlanta, as trustee, as supplemented by the Sixty-Eighth Supplemental Indenture dated as of June 1, 2014 between us and the trustee.

The above-referenced underwriting agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K. The above-referenced indenture and supplemental indenture (including the form of the first mortgage bonds) are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K. In connection with the issuance of the first mortgage bonds, Sutherland Asbill & Brennan LLP is providing the legal opinion attached to this Current Report on Form 8-K as Exhibit 5.1.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters