Summary
Exelon Corporation (EXC) has announced the successful issuance and sale of $775 million in aggregate principal amount of its 4.950% Notes due 2036. This new debt offering is primarily intended to refinance the Company's maturing $750 million 3.400% Notes due 2026. The net proceeds, combined with existing cash, will cover the principal repayment of the maturing debt, with any remainder allocated for general corporate purposes.
Key Highlights
- 1Issuance of $775 million in 4.950% Notes due 2036.
- 2Primary use of proceeds is to retire $750 million of 3.400% Notes due 2026 at maturity.
- 3The Notes will pay a fixed interest rate of 4.950% per annum.
- 4Interest payments are semi-annual, due March 15 and September 15, beginning September 15, 2026.
- 5Maturity date for the new Notes is March 15, 2036.
- 6Any remaining proceeds after debt retirement will be used for general corporate purposes.
- 7The issuance was conducted under an indenture dated June 11, 2015, as supplemented by the Ninth Supplemental Indenture dated February 1, 2026.