debt
confidence high
sentiment neutral
materiality 0.65
FirstEnergy prices $2.15B of convertible notes due 2029 and 2031
FIRSTENERGY CORP
- Priced $1.15B of 3.625% notes due 2029 and $1.0B of 3.875% notes due 2031; greenshoe up to $350M additional.
- Conversion price ~$47.78/share, ~20% premium over June 9 closing price.
- Net proceeds ~$2.13B ($2.47B if options exercised); intends to repurchase $1.5B of 4.00% notes due 2026.
- Closing expected June 12; interest semi-annual Jan 15 and Jul 15 starting Jan 15, 2026.
item 8.01