---
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"
generated_at: "2026-05-19T10:05:02.775382+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FirstEnergy closes $2.5B convertible note offering; plans $1.2B buyback of 2026 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031296-25-000027
- JSON: https://secwatch.observer/filing/0001031296-25-000027.json
- Plain text: https://secwatch.observer/filing/0001031296-25-000027.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $1.35 billion aggregate principal amount of its 3.625% Convertible Senior Notes due 2029 and $1.15 billion aggregate pri
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Rate: 3.625% per year and 3.875% per year
  - Maturity: January 15, 2029 and January 15, 2031
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1031296/000103129625000027/0001031296-25-000027-index.htm

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