---
schema_version: "secwatch.filing_event.v1"
accession: "0000078100-23-000005"
form_type: "8-K"
ticker: null
cik: "0000078100"
company_name: "PECO ENERGY CO"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:37:38.980075+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PECO issues $575M 4.900% bonds due 2033; proceeds to refinance debt

## Summary
- Issued $575M First and Refunding Mortgage Bonds, 4.900% Series due June 15, 2033, under supplemental indenture.
- Interest rate 4.900% per annum, payable semi-annually on June 15 and December 15 starting December 15, 2023.
- Net proceeds used to refinance $50M term loan maturing June 2023, commercial paper, and general corporate purposes.
- Underwriters include BofA Securities, PNC Capital Markets, RBC Capital Markets, SMBC Nikko Securities America.
- Bonds redeemable at PECO's option as per supplemental indenture terms.

## SEC filing metadata
- accession: 0000078100-23-000005
- form_type: 8-K
- cik: 0000078100
- company_name: PECO ENERGY CO
- filed_at: 2023-06-23T23:59:59+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/78100/000007810023000005/0000078100-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/78100/000007810023000005/exc-20230623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000078100-23-000005
- JSON: https://secwatch.observer/filing/0000078100-23-000005.json
- Plain text: https://secwatch.observer/filing/0000078100-23-000005.txt

## Key facts
- Debt Financings
  PECO ENERGY CO incurred senior notes of $575 million aggregate principal amount with BofA Securities, Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters at 4.900% per annum maturing June 15, 2033.
  - Instrument: senior notes
  - Principal: $575 million aggregate principal amount
  - Counterparty: BofA Securities, Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters
  - Rate: 4.900% per annum
  - Maturity: June 15, 2033
  - Event: incurrence
  source text: On June 23, 2023, PECO issued $575 million aggregate principal amount of its First and Refunding Mortgage Bonds, 4.900% Series due June 15, 2033 (the Bonds).
  evidence_url: https://www.sec.gov/Archives/edgar/data/78100/000007810023000005/0000078100-23-000005-index.htm

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