POTOMAC ELECTRIC POWER CO: debt financing — Pepco issues $100M 5.35% First Mortgage Bonds due 2033

POTOMAC ELECTRIC POWER CO

$100M aggregate principal of 5.35% Series due September 13, 2033.
Proceeds to repay existing indebtedness and for general corporate purposes.
Bonds issued under Mortgage and Deed of Trust dated July 1, 1936, as supplemented.
Mizuho Securities USA and Scotia Capital acted as joint lead placement agents.
Closing of sale occurred on September 13, 2023.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

POTOMAC ELECTRIC POWER CO incurred senior notes of $100 million aggregate principal amount with certain institutional investors at 5.35% maturing September 13, 2033.

Instrument: senior notes
Principal: $100 million aggregate principal amount
Counterparty: certain institutional investors
Rate: 5.35%
Maturity: September 13, 2033
Event: incurrence

Exact text from the filing

$100 million aggregate principal amount of its First Mortgage Bonds, 5.35% Series due September 13, 2033 (the Subsequent Pepco Bonds)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

POTOMAC ELECTRIC POWER CO entered into Bond Purchase Agreement with certain institutional investors (effective 2023-03-15).

Action: entry
Agreement: notes offering
Counterparty: certain institutional investors
Effective: 2023-03-15

Exact text from the filing

On March 15, 2023, Potomac Electric Power Company entered into a Bond Purchase Agreement (the Pepco Purchase Agreement) with certain institutional investors.

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Source: SEC EDGAR

accession 0000079732-23-000014

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