2023 Tri-State Investor Presentation
RESILIENCE
TOTAL CAPITALIZATION
(as of 12/31/2022)
Tri-State obtains capital through a variety of sources, including both public and private debt markets and margins. Additionally,
we maintain equity at a level that provides for a healthy overall capital mix. We also manage interest rate risk by maintaining an
appropriate balance between fixed rate and variable rate debt. Our overall liquidity is comprised of our $520M revolving credit
facility, which supports a $500M commercial paper program, and cash on hand which equated to $102M as of December 31, 2022.
SEC
Total debt and equity
Other 1%
Commercial Paper 6%
Term Loans
16%
Registered
Bonds
75%
25%
Equity
Debt
Total Debt
12%
20%
Private
Placement
20%
144A Bonds
Fixed vs. Variable rate debt
22.2%
77.8%
Fixed Rate
84.7%
Fixed Rate
Variable Rate
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