Edison International launches up to $750M tender offer for two preferred stock series

EDISON INTERNATIONAL

Tender offers for Series A (5.375%) and Series B (5.00%) perpetual preferred stock up to $750M aggregate purchase price.
Series B Offer at $895 per $1,000 liquidation preference (priority level 1); Series A Offer at $915 (priority level 2).
Offers expire Nov. 8, 2023 at 8:00 a.m. NY time; minimum tender condition of $300M total purchase price.
Company intends to pay with cash on hand, commercial paper, or junior subordinated notes; will replace equity content.

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