{"schema_version":"secwatch.filing_event.v1","accession":"0000008192-25-000006","form_type":"8-K","ticker":null,"cik":"0000008192","company_name":"ATLANTIC CITY ELECTRIC CO","filed_at":"2025-11-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.260275+00:00","generated_at":"2026-05-16T18:38:15.842957+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Atlantic City Electric issues $250M in first mortgage bonds across three series","bullets":["Issued $100M of 5.28% bonds due 2035, $75M of 5.54% due 2040, and $75M of 5.81% due 2055.","Proceeds to repay existing indebtedness and for general corporate purposes; closing Nov 19, 2025.","Bonds sold in private placement under Section 4(a)(2) exemption from registration.","Issued under 1937 Mortgage and Deed of Trust with Bank of New York Mellon as trustee."],"urls":{"canonical":"https://secwatch.observer/filing/0000008192-25-000006","json":"https://secwatch.observer/filing/0000008192-25-000006.json","markdown":"https://secwatch.observer/filing/0000008192-25-000006.md","text":"https://secwatch.observer/filing/0000008192-25-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8192/000000819225000006/0000008192-25-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8192/000000819225000006/exc-20251119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:38:15.842957+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cda4ffadb28d685e940cf5b805b4689d45069735","claim":"ATLANTIC CITY ELECTRIC CO incurred loan of $100 million, $75 million, $75 million with certain institutional investors at 5.28%, 5.54%, 5.81% maturing March 26, 2035, November 19, 2040, November 19, 2055.","evidence_excerpt":"On March 26, 2025, ACE entered into the ACE Purchase Agreement for the offer and sale of (i) $100 million aggregate principal amount of its First Mortgage Bonds, 5.28% Series due March 26, 2035, (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.54% Series due November 19, 2040 (2040 Bonds) and (iii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.81% Series due November 19, 2055 (2055 Bonds and, together with the 2040 Bonds, the ACE Bonds).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8192/000000819225000006/0000008192-25-000006-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$100 million, $75 million, $75 million"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"5.28%, 5.54%, 5.81%"},{"label":"Maturity","value":"March 26, 2035, November 19, 2040, November 19, 2055"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}