POTOMAC ELECTRIC POWER CO: debt financing — Pepco issues $275M in first mortgage bonds; $200M at 5.48% due 2040, $75M at 5.78% due 2055

POTOMAC ELECTRIC POWER CO

Issued $200M of 5.48% First Mortgage Bonds due March 26, 2040.
Issued $75M of 5.78% First Mortgage Bonds due September 17, 2055.
Closing occurred September 17, 2025; proceeds to repay debt and for general corporate purposes.
Placement agents: Huntington Securities, Mizuho Securities, and Scotia Capital.

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 mortgage of $200 million aggregate principal amount at 5.48% Series maturing due March 26, 2040.

Instrument: mortgage
Principal: $200 million aggregate principal amount
Rate: 5.48% Series
Maturity: due March 26, 2040
Event: incurrence

Exact text from the filing

On March 26, 2025, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $200 million aggregate principal amount of its First Mortgage Bonds, 5.48% Series due March 26, 2040 and (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.78% Series due September 17, 2055 (the Subsequent Pepco Bonds).

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

POTOMAC ELECTRIC POWER CO incurred mortgage of $75 million aggregate principal amount at 5.78% Series maturing due September 17, 2055.

Instrument: mortgage
Principal: $75 million aggregate principal amount
Rate: 5.78% Series
Maturity: due September 17, 2055
Event: incurrence

Exact text from the filing

On March 26, 2025, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $200 million aggregate principal amount of its First Mortgage Bonds, 5.48% Series due March 26, 2040 and (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.78% Series due September 17, 2055 (the Subsequent Pepco Bonds).

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Source: SEC EDGAR

accession 0000079732-25-000011

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