secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2025-06-10T23:59:59+00:00
Accession:  0001031296-25-000024
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstEnergy prices $2.15B of convertible notes due 2029 and 2031
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129625000024/0001031296-25-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129625000024/fe-20250609.htm
  HTML page:      https://secwatch.observer/filing/0001031296-25-000024

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