8-KRegulation FD

EDISON INTERNATIONAL 8-K Report, Regulation FD Disclosure (Nov 13, 2023)

Filed November 13, 2023For Securities:EIX

Summary

Edison International (EIX) has filed an 8-K report on November 13, 2023, primarily to disclose upcoming financing activities for the remainder of 2023. The company plans to issue junior subordinated notes to finance its ongoing preferred stock tender offer. This move is part of its strategy to manage its capital structure and obligations related to its equity offerings. Additionally, its subsidiary, Southern California Edison Company (SCE), intends to issue preferred equity for general corporate purposes. This issuance is expected to align with SCE's authorized capital structure as regulated by its governing bodies. Investors should note that this report does not constitute an offer to sell or solicit an offer to buy these securities, and any future sales will be conducted in accordance with registration requirements.

Key Highlights

  • 1Edison International plans to issue junior subordinated notes to fund its preferred stock tender offer.
  • 2Southern California Edison Company plans to issue preferred equity for general corporate purposes.
  • 3These financing activities are intended to manage the companies' capital structures and comply with regulatory requirements.
  • 4The report serves as a disclosure of future financing plans, not an offer to sell or solicit purchases of securities.
  • 5Forward-looking statements are included, subject to risks and uncertainties, and companies have no obligation to update them publicly.
  • 6Investors are directed to refer to EIX's Form 10-K and subsequent 10-Q filings for comprehensive financial information.

Frequently Asked Questions

Edison International is issuing junior subordinated notes to raise capital to fund the consideration payable under its ongoing preferred stock tender offer.

Southern California Edison plans to issue preferred equity for general corporate purposes, which is consistent with its regulatory-authorized capital structure.

No, this 8-K filing is a disclosure of intent and does not constitute an offer to sell or solicit an offer to buy these securities. Any future offers or sales will be made in accordance with registration requirements under the Securities Act of 1933.

Investors are encouraged to read this current report in conjunction with Edison International's and SCE's combined Annual Report on Form 10-K for the year ended December 31, 2022, and their subsequent Quarterly Reports on Form 10-Q. Additional information is also available on www.edisoninvestor.com.