debt
confidence high
sentiment neutral
materiality 0.65
Jersey Central Power & Light completes $1.35B senior notes offering in three tranches
JERSEY CENTRAL POWER & LIGHT CO
- Issued $350M 4.150% notes due 2029, $500M 4.400% notes due 2031, and $500M 5.150% notes due 2036.
- Net proceeds to refinance $650M 4.30% Senior Notes due 2026, plus capex and general corporate purposes.
- Notes are senior unsecured, sold to QIBs and non-U.S. persons; not registered under Securities Act.
- Registration rights agreements require exchange offer registration statement filed within 366 days of closing.
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