Edison International 8-K Report, Corporate Update (Nov 20, 2025)

Edison International (EIX) has commenced cash tender offers to purchase any and all of its outstanding 5.00%^a Series B and 5.375% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock.

The Series B offer price is $995^b per $1,000 liquidation preference, a 0.5% discount to par, while the Series A offer price is $1,000 per $1,000 liquidation preference, equal to par. Both prices are plus accrued dividends up to the settlement date. The offers expire December 19, 2025 at 5:00 p.m.

New York time unless extended or terminated earlier, and holders may withdraw tendered securities until expiration. The aggregate liquidation preference outstanding is approximately $503.5 million^c for Series B and $1,159.3 million for Series A, about $1.66 billion in total. At the stated offer prices, the maximum cash consideration before accrued dividends is roughly $1.66 billion.

Edison International expects to fund the purchases and related fees and expenses with cash on hand. The filing does not state the strategic rationale for the offers, and the 8-K does not disclose whether a specific purchase amount or minimum tender condition applies beyond the general conditions described in the Offer to Purchase. For investors, the key points are the scale of the potential cash outlay relative to the company's capital structure, the differing economics between the two series, and the fact that the Series B discount may make it less attractive for holders to tender, which could affect the amount actually repurchased.

Barclays, J.P. Morgan, Mizuho and Santander are acting as dealer managers, and Global Bondholder Services is the tender and information agent. Investors seeking full terms, including conditions, the settlement timeline and proration mechanics, should review the Schedule TO and Offer to Purchase filed with the SEC.