{"schema_version":"secwatch.filing_event.v1","accession":"0001031296-25-000027","form_type":"8-K","ticker":"FE","cik":"0001031296","company_name":"FIRSTENERGY CORP","filed_at":"2025-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.206586+00:00","generated_at":"2026-05-19T10:05:02.775382+00:00","sec_items":["1.01","8.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FirstEnergy closes $2.5B convertible note offering; plans $1.2B buyback of 2026 notes","bullets":["Issued $1.35B of 3.625% convertible notes due 2029 and $1.15B of 3.875% notes due 2031.","Net proceeds ~$2.47B after discounts and expenses; includes full exercise of greenshoe for $350M.","Will use ~$1.2B to repurchase a portion of its $1.5B outstanding 4.00% convertible notes due 2026.","Initial conversion price of $47.78 per share (20% premium over June 9 closing price).","Remaining proceeds for debt repayment, refinancing, or general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001031296-25-000027","json":"https://secwatch.observer/filing/0001031296-25-000027.json","markdown":"https://secwatch.observer/filing/0001031296-25-000027.md","text":"https://secwatch.observer/filing/0001031296-25-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1031296/000103129625000027/0001031296-25-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1031296/000103129625000027/fe-20250609.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T10:05:02.775382+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7213b9fc70f5011c7155611782685a7177fdc3d6","claim":"FIRSTENERGY CORP incurred convertible notes of $1.35 billion aggregate principal amount of its 3.625% Convertible Senior Notes due 2029 and $1.15 billion aggregate pri with The Bank of New York Mellon Trust Company, N.A. at 3.625% per year and 3.875% per year maturing January 15, 2029 and January 15, 2031.","evidence_excerpt":"On June 12, 2025, FirstEnergy Corp. (the “Company”) completed its offering of $1.35 billion aggregate principal amount of its 3.625% Convertible Senior Notes due 2029 (the “2029 Notes”) and $1.15 billion aggregate principal amount of its 3.875% Convertible Senior Notes due 2031 (the “2031 Notes”","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1031296/000103129625000027/0001031296-25-000027-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1.35 billion aggregate principal amount of its 3.625% Convertible Senior Notes due 2029 and $1.15 billion aggregate pri"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A."},{"label":"Rate","value":"3.625% per year and 3.875% per year"},{"label":"Maturity","value":"January 15, 2029 and January 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}