FirstEnergy prices $1.3B 4.00% convertible notes due 2026 at 20% premium

FIRSTENERGY CORP

$1.3B aggregate principal of 4.00% convertible senior notes due 2026 priced; initial purchasers have 13-day option for up to $200M additional.
Conversion rate 21.3620 shares per $1,000 principal; initial conversion price ~$46.81, a 20% premium over May 1 closing price.
Net proceeds expected ~$1.28B (or ~$1.48B if option exercised); will refinance existing debt, fund qualified pension plan, and for general corporate purposes.
Notes are unsecured, unsubordinated; mature May 1, 2026; holders can convert under certain conditions before Feb 1, 2026, and anytime after.

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