8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13, 15(d), or 37 of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 21, 2015


TENNESSEE VALLEY AUTHORITY
(Exact name of registrant as specified in its charter)

 
 
 
 
 
A corporate agency of the United States created by an act of Congress
 (State or other jurisdiction of incorporation or organization)
 
000-52313
(Commission file number)
 
62-0474417
 (IRS Employer Identification No.)
 
 
 
 
 
400 W. Summit Hill Drive
Knoxville, Tennessee
 (Address of principal executive offices)
 
 
 
37902
 (Zip Code)

(865) 632-2101
(Registrant's telephone number, including area code)

None
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))







Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.


The Tennessee Valley Authority (“TVA”) entered into an agreement on September 21, 2015, to issue $1.0 billion of TVA’s 4.25% Global Power Bonds 2015 Series A Due September 15, 2065 (the “Bonds”). The settlement date for the transaction is September 24, 2015. The Bonds bear a coupon rate of 4.25% and pay interest semi-annually on each March 15 and September 15, beginning March 15, 2016. The Bonds mature on September 15, 2065, and are not subject to redemption prior to maturity. After reflecting the transaction’s discount and after deducting the fees of the managers, net proceeds to TVA are $967,140,000, exclusive of out-of-pocket expenses incurred in connection with offering the Bonds.

SIGNATURES


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.

 
 
September 24, 2015
 Tennessee Valley Authority
 
  (Registrant)
 
 
 
 
 
 
 
/s/ John M. Thomas, III
 
  John M. Thomas, III
 
  Executive Vice President and
 
  Chief Financial Officer