Summary
Edison International (EIX) filed an 8-K on March 2, 2021, to announce the upcoming issuance and sale of its Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A. This offering, with a liquidation value of $1,000 per share, is being conducted under a previously filed Registration Statement on Form S-3. The company expects the transaction to close around March 9, 2021. This filing primarily serves to inform the market about the details and expected closing of this preferred stock offering.
Key Highlights
- 1Edison International is issuing new Series A Preferred Stock.
- 2The offering is for Cumulative Perpetual Preferred Stock with a fixed-reset rate.
- 3Each share has a liquidation value of $1,000.
- 4The offering is made pursuant to an existing Registration Statement on Form S-3.
- 5The expected closing date for the issuance and sale is on or about March 9, 2021.
- 6This 8-K filing is related to Item 8.01 (Other Events).
Frequently Asked Questions
The primary purpose of this 8-K filing is to officially announce Edison International's intention to issue and sell a new series of preferred stock, the Series A Preferred Stock, and to provide the expected closing date for this offering.
Edison International is offering Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, with a liquidation value of $1,000 per share.
The company expects to close the issuance and sale of the Series A Preferred Stock on or about March 9, 2021.
No, the offering is being made pursuant to a previously filed Registration Statement on Form S-3 (No. 333-231121), indicating that the necessary regulatory filings for the issuance have already been made.