BALTIMORE GAS & ELECTRIC CO: debt financing — BGE issues $700M of 5.400% notes due 2053 to refinance debt

BALTIMORE GAS & ELECTRIC CO

$700M aggregate principal of 5.400% notes due June 1, 2053 issued on May 10, 2023.
Proceeds to repay commercial paper, redeem $300M of 3.350% notes due July 2023, and general corporate.
Interest payable semi-annually June 1 and December 1, starting December 1, 2023.
Notes issued under indenture dated Sept 1, 2019 with U.S. Bank Trust as trustee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BALTIMORE GAS & ELECTRIC CO incurred senior notes of $700 million with U.S. Bank Trust Company, National Association, as trustee at 5.400% maturing June 1, 2053.

Instrument: senior notes
Principal: $700 million
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Rate: 5.400%
Maturity: June 1, 2053
Event: incurrence

Exact text from the filing

On May 10, 2023, BGE issued $700 million aggregate principal amount of its 5.400% notes due June 1, 2053 (the “Notes”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BALTIMORE GAS & ELECTRIC CO entered into a notes offering valued at $700 million (effective 2023-05-10).

Action: entry
Agreement: notes offering
Value: $700 million
Effective: 2023-05-10

Exact text from the filing

On May 10, 2023, Baltimore Gas and Electric Company (“BGE”) issued $700 million aggregate principal amount of its 5.400% notes due June 1, 2053.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0000009466-23-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.