---
schema_version: "secwatch.filing_event.v1"
accession: "0001031296-23-000038"
form_type: "8-K"
ticker: "FE"
cik: "0001031296"
company_name: "FIRSTENERGY CORP"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:27:36.795663+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001031296-23-000038
- form_type: 8-K
- ticker: FE
- cik: 0001031296
- company_name: FIRSTENERGY CORP
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000038/0001031296-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031296/000103129623000038/fe-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-23-000038
- JSON: https://secwatch.observer/filing/0001031296-23-000038.json
- Plain text: https://secwatch.observer/filing/0001031296-23-000038.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.