---
schema_version: "secwatch.filing_event.v1"
accession: "0000009466-23-000003"
form_type: "8-K"
ticker: null
cik: "0000009466"
company_name: "BALTIMORE GAS & ELECTRIC CO"
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:44:53.515836+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BGE issues $700M of 5.400% notes due 2053 to refinance debt

## Summary
- $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.

## SEC filing metadata
- accession: 0000009466-23-000003
- form_type: 8-K
- cik: 0000009466
- company_name: BALTIMORE GAS & ELECTRIC CO
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/9466/000000946623000003/0000009466-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/9466/000000946623000003/exc-20230510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000009466-23-000003
- JSON: https://secwatch.observer/filing/0000009466-23-000003.json
- Plain text: https://secwatch.observer/filing/0000009466-23-000003.txt

## Key facts
- Debt Financings
  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
  source text: On May 10, 2023, BGE issued $700 million aggregate principal amount of its 5.400% notes due June 1, 2053 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/9466/000000946623000003/0000009466-23-000003-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/9466/000000946623000003/0000009466-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.