Tennessee Valley Authority furnishes bond circular in Form 8-K filing

Rhea-AI Filing Summary

On August 5, 2025 Tennessee Valley Authority (TVA) filed a Form 8-K under Item 7.01 (Regulation FD) to furnish investors with a Preliminary Offering Circular for a planned issuance of TVA power bonds. The circular is provided as Exhibit 99.1.

Scope of disclosure: the filing contains no financial statements, deal size, maturity schedule, pricing, or use-of-proceeds details. TVA also states it has no obligation to update the circular after release. No other material events, earnings information, or transactions are reported in this 8-K.

• Filing is informational; shareholder action is not required.
• No securities are registered on an exchange (trading symbol: N/A).
• The document confirms signature by CFO Thomas C. Rice.

Overall, the 8-K simply alerts the market that TVA intends to access the debt market via power bonds and directs interested parties to the furnished circular for further details.

Insights

Fixed-Income Analyst

TL;DR: Routine 8-K furnishes preliminary bond circular; no economic terms disclosed, so immediate credit or valuation impact is minimal.

Tennessee Valley Authority’s filing is procedural, satisfying Regulation FD by publicly releasing the preliminary circular before marketing new power bonds. Absent pricing, size, or covenant data, investors cannot assess leverage changes or interest-cost implications. TVA’s federally backed status generally supports strong credit quality, so any forthcoming issuance is expected to be absorbed without material spread disruption. Until a final prospectus is filed, this disclosure is neutral for bondholders and has no bearing on equity since TVA has no publicly traded stock.

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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): August 5, 2025

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))

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

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
N/A			N/A			N/A

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      o

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. o

Item 7.01 Regulation FD Disclosure.

On August 5, 2025, the Tennessee Valley Authority ("TVA") released a preliminary offering circular in connection with the planned issuance of TVA power bonds (the "Preliminary Offering Circular"). A copy of the Preliminary Offering Circular is being furnished as Exhibit 99.1.

TVA undertakes no obligation to update any information contained in the Preliminary Offering Circular to reflect developments that occur after its release or for any other reason.

Item 9.01 Financial Statements and Exhibits.

EXHIBIT NO.			DESCRIPTION OF EXHIBIT
99.1			Preliminary Offering Circular Released August 5, 2025, in Connection with the Planned Issuance of TVA Power 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.

			Tennessee Valley Authority
			(Registrant)
Date: August 5, 2025			/s/ Thomas C. Rice
			Thomas C. Rice
			Executive Vice President and Chief Financial    Officer

EXHIBIT INDEX

This exhibit is furnished pursuant to Item 7.01 hereof.

EXHIBIT NO.			DESCRIPTION OF EXHIBIT
99.1			Preliminary Offering Circular Released August 5, 2025, in Connection with the Planned Issuance of TVA Power Bonds

FAQ

What did TVA (TVE) disclose in its August 5 2025 Form 8-K?

TVA furnished a Preliminary Offering Circular outlining a planned issuance of TVA power bonds.

Does the 8-K specify the size or terms of the new TVA power bonds?

No. The filing contains no details on deal size, maturity, coupon, or pricing.

Where can investors find additional information about the planned bond issuance?

Full details are in Exhibit 99.1, the Preliminary Offering Circular attached to the 8-K.

Is TVA obligated to update the Preliminary Offering Circular after this release?

The filing states TVA undertakes no obligation to update the circular after its release.

Were any financial statements or earnings data included in this 8-K?

No. The report strictly furnishes the offering circular; no financial statements or earnings figures are provided.