Exelon said it issued and sold $1.7 billion in aggregate principal amount of notes on February 27, 2024, consisting of $650 million due 2029 bearing 5.150%, $650 million due 2034 bearing 5.450%, and an additional $400 million due 2053 bearing 5.600%.

1. 01

   Exelon said it issued and sold $1.7 billion in aggregate principal amount of notes on February 27, 2024, consisting of $650 million due 2029 bearing 5.150%, $650 million due 2034 bearing 5.450%, and an additional $400 million due 2053 bearing 5.600%.

2. 02

   The company said it will use part of the net proceeds from the notes, together with available cash, to repay $500 million of its term loan maturing in April 2024, which bears interest at SOFR plus 0.85%, and $689 million of its outstanding commercial paper borrowings.

3. 03

   The company said the commercial paper borrowings to be repaid had an approximate weighted average interest rate of 5.600% per annum as of February 16, 2024, and that it will use the remainder of the net proceeds for general corporate purposes.

4. 04

   The company said interest on the notes is payable semi-annually on March March 15 and September September 15, and that the first interest payment will be on September 15, 2024 for the 2029 and 2034 notes and on March 15, 2024 for the 2053 notes. It said the notes mature in 2029, 2034 and March 15, 2053, respectively.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.