debt
confidence high
sentiment neutral
materiality 0.40
Edison International issues $450M of 7.875% junior subordinated notes due 2054
EDISON INTERNATIONAL
- Principal amount of $450,000,000 at 7.875% fixed-to-fixed reset rate, due 2054.
- Notes are junior subordinated, ranking behind existing and future senior debt.
- Underwriting agreement dated December 4, 2023, offering closed December 7, 2023.
- Use of proceeds not specified in the filing; typical for general corporate purposes.