PECO ENERGY CO: debt financing — PECO issues $1.05B in mortgage bonds: $525M 4.875% due 2035, $525M 5.650% due 2055

PECO ENERGY CO

Issued $525M 2035 bonds at 4.875% and $525M 2055 bonds at 5.650% on Sept 10, 2025.
Proceeds: refinance $350M 3.150% bonds maturing Oct 2025; remainder for commercial paper and general corporate.
Interest payable semi-annually on March 15 and September 15, starting March 15, 2026.
Bonds are redeemable at PECO's option per the Supplemental Indenture dated Aug 15, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

PECO ENERGY CO incurred senior notes of $525 million aggregate principal amount of its First and Refunding Mortgage Bonds, 4.875% Series due September 15, 2035 with BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc. at 4.875% per annum and 5.650% per annum maturing September 15, 2035 and September 15, 2055.

Instrument: senior notes
Principal: $525 million aggregate principal amount of its First and Refunding Mortgage Bonds, 4.875% Series due September 15, 2035
Counterparty: BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc.
Rate: 4.875% per annum and 5.650% per annum
Maturity: September 15, 2035 and September 15, 2055
Event: incurrence

Exact text from the filing

On September 10, 2025, PECO issued $525 million aggregate principal amount of the 2035 Bonds and $525 million aggregate principal amount of the 2055 Bonds.

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Source: SEC EDGAR

accession 0000078100-25-000006

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