Exelon sold $1.0 billion in aggregate principal amount of notes on February 21, 2025, consisting of $500 million of 5.125% Notes due 2031 and $500 million of 5.875% Notes due 2055.

1. 01

   Exelon sold $1.0 billion in aggregate principal amount of notes on February 21, 2025, consisting of $500 million of 5.125% Notes due 2031 and $500 million of 5.875% Notes due 2055.

2. 02

   The company said the 2031 Notes bear a fixed interest rate of 5.125% per year and the 2055 Notes bear a fixed rate of 5.875% per year. Interest will be paid semi-annually on March 15 and September 15 of each year, with the first payment on September 15, 2025.

3. 03

   The company said it will use part of the net proceeds, together with cash on hand, to repay $464 million of its currently outstanding commercial paper borrowings. The weighted average interest rate on those borrowings as of February 11, 2025 was approximately 4.537% per year. The remaining net proceeds will be used for general corporate purposes.

4. 04

   The company issued the notes under the Base Indenture dated June 11, 2015 and the Eighth Supplemental Indenture dated February 1, 2025. The Bank of New York Mellon Trust Company, N.A. is the trustee. The underwriters under the Underwriting Agreement dated February 18, 2025 are represented by Barclays, BNP Paribas, BofA, J.P. Morgan and Morgan Stanley affiliates.

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.