secwatch.observer — SEC 8-K summary
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Issuer:     PECO ENERGY CO (—)
CIK:        0000078100
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0000078100-23-000005
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/78100/000007810023000005/0000078100-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/78100/000007810023000005/exc-20230623.htm
  HTML page:      https://secwatch.observer/filing/0000078100-23-000005

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