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Avangrid, Inc. – ‘8-K’ for 12/31/19

On:  Tuesday, 1/7/20, at 4:16pm ET   ·   For:  12/31/19   ·   Accession #:  1193125-20-3037   ·   File #:  1-37660

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/07/20  Avangrid, Inc.                    8-K:1,2,9  12/31/19   11:634K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     27K 
 2: EX-10.1     Material Contract                                   HTML    307K 
 6: R1          Document and Entity Information                     HTML     47K 
11: XML         IDEA XML File -- Filing Summary                      XML     11K 
10: XML         XBRL Instance -- d841021d8k_htm                      XML     13K 
 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 4: EX-101.LAB  XBRL Labels -- agr-20191231_lab                      XML     53K 
 5: EX-101.PRE  XBRL Presentations -- agr-20191231_pre               XML     34K 
 3: EX-101.SCH  XBRL Schema -- agr-20191231                          XSD     12K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
 8: ZIP         XBRL Zipped Folder -- 0001193125-20-003037-xbrl      Zip     78K 


‘8-K’   —   Current Report


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 iX: 
  Form 8-K  
 i false  i 0001634997 0001634997 2019-12-31 2019-12-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM  i 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  i December 31, 2019

 i Avangrid, Inc.

(Exact name of registrant as specified in its charter)

 i New York

 

 i 001-37660

 

 i 14-1798693

(State or other jurisdiction

of incorporation)

 

(Commission File No.)

 

(IRS Employer

Identification No.)

 i 180 Marsh Hill Road

 i Orange,  i Connecticut

 

 

 i 06477

(Address of principal executive offices)

 

 

(Zip Code)

 i (207)  i 629-1200

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(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:

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

 

  

 

Trading

Symbol(s)

 

 

Name of each exchange

on which registered

 

 i Common Stock

 

 

 

 i AGR

 

 

 

 i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   i 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  


Item 1.01 Entry into a Material Definitive Agreement.

On December 31, 2019, Avangrid, Inc., a New York corporation (the “Company”), entered into a $500,000,000 term loan agreement with certain lenders from time to time a party thereto and MIZUHO BANK, LTD., as administrative agent (the “Loan Agreement”), that provides for maximum borrowing of up to $500,000,000 in the aggregate. The Loan Agreement contains certain negative covenants, including one that sets the ratio of maximum allowed consolidated debt to consolidated total capitalization at 0.65 to 1.00, for the Company. The termination date for the Loan Agreement is June 30, 2021. The description above is only a summary of the material provisions of the Loan Agreement and does not purport to be complete and is qualified in its entirety by reference to the provisions in such Loan Agreement, a copy of which is attached hereto as Exhibit 10.1.

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

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
 

Exhibit No.

   

         
 

10.1

   

$500,000,000 Term Loan Agreement, dated as of December 31, 2019, among Avangrid, Inc., the Lenders (as defined therein), and MIZUHO BANK, LTD., as administrative agent.

         
 

104

   

Cover page Interactive Data File (embedded within the Inline XBRL document).

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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.

 

AVANGRID, INC.

 

         

By:

 

/s/ Doug Stuver

 

Name:

 

Doug Stuver

 

Title:

 

Senior Vice President –Chief Financial Officer

Dated:  January 7, 2020

3


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
6/30/21
Filed on:1/7/20
For Period end:12/31/1910-K
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/22/24  Avangrid, Inc.                    10-K       12/31/23  181:27M
 2/22/23  Avangrid, Inc.                    10-K       12/31/22  171:30M
 2/23/22  Avangrid, Inc.                    10-K       12/31/21  168:29M
 3/01/21  Avangrid, Inc.                    10-K       12/31/20  175:29M
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