debt
confidence high
sentiment neutral
materiality 0.50
PECO issues $750M of 5.000% mortgage bonds due 2031 to refinance commercial paper
PECO ENERGY CO
- Issued $750M First and Refunding Mortgage Bonds, 5.000% Series due Sept 1, 2031; interest payable semi-annually March 1 and Sept 1, starting March 1, 2027.
- Proceeds to refinance outstanding commercial paper and for general corporate purposes.
- Issued under 126th Supplemental Indenture dated July 15, 2026; underwriters include BNP Paribas, J.P. Morgan, MUFG, PNC, Scotia Capital.
- Bonds redeemable at PECO's option per Supplemental Indenture; legal opinions from Ballard Spahr LLP attached.