Oglethorpe Power Corporation (An Electric Membership Corporation) Exchange and Registration Rights AgreementOglethorpe Power Corp • March 27th, 2024 • Electric services • New York
Oglethorpe Power Corporation (An Electric Membership Corporation), an electric membership corporation organized under the laws of the State of Georgia (the “Company”), proposes to issue and sell to the Purchasers (as defined herein) upon the terms set forth in the Purchase Agreement (as defined herein) $400,000,000 in aggregate principal amount of its 6.20% First Mortgage Bonds, Series 2023A due 2053 (the “Securities”) to be issued pursuant to the Indenture dated as of March 1, 1997 (the “Base Indenture”), made by the Company to U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as amended and supplemented through and including the Eighty-Seventh Supplemental Indenture thereto, to be dated as of December 1, 2023 (the Base Indenture, as so amended and supplemented, the “Indenture”). As an inducement to the Purchasers to enter into the Purchase Agreement and in satisfaction of a condition to the obligations of the Purchasers thereunder, the Company agrees with the
