EXELON CORP (EXC): debt financing — Exelon issues $2.5B in notes across three tranches to refinance debt

EXELON CORP

Issued $1B 5.150% notes due 2028, $850M 5.300% notes due 2033, $650M 5.600% notes due 2053.
Net proceeds to repay $850M term loans (SOFR+0.65%) and $588M commercial paper (avg 4.835%).
Remaining proceeds for general corporate purposes.
Notes pay semi-annual interest starting Sep 15, 2023; maturities 2028, 2033, 2053.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EXELON CORP incurred senior notes with The Bank of New York Mellon Trust Company, N.A. at 5.300% per annum maturing March 15, 2033.

Instrument: senior notes
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.300% per annum
Maturity: March 15, 2033
Event: incurrence

Exact text from the filing

The 2028 Notes will pay interest at the fixed rate of 5.150% per annum, the 2033 Notes will pay interest at the fixed rate of 5.300% per annum and the 2053 Notes will pay interest at the fixed rate of 5.600% per annum.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EXELON CORP incurred senior notes with The Bank of New York Mellon Trust Company, N.A. at 5.600% per annum maturing March 15, 2053.

Instrument: senior notes
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.600% per annum
Maturity: March 15, 2053
Event: incurrence

Exact text from the filing

The 2028 Notes will pay interest at the fixed rate of 5.150% per annum, the 2033 Notes will pay interest at the fixed rate of 5.300% per annum and the 2053 Notes will pay interest at the fixed rate of 5.600% per annum.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EXELON CORP incurred senior notes with The Bank of New York Mellon Trust Company, N.A. at 5.150% per annum maturing March 15, 2028.

Instrument: senior notes
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 5.150% per annum
Maturity: March 15, 2028
Event: incurrence

Exact text from the filing

The 2028 Notes will pay interest at the fixed rate of 5.150% per annum, the 2033 Notes will pay interest at the fixed rate of 5.300% per annum and the 2053 Notes will pay interest at the fixed rate of 5.600% per annum.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

EXELON CORP entered into a notes offering valued at $2.5 billion (effective 2023-02-21).

Action: entry
Agreement: notes offering
Value: $2.5 billion
Effective: 2023-02-21

Exact text from the filing

On February 21, 2023, Exelon Corporation (the “Company”) issued and sold $2.5 billion in aggregate principal amount of notes consisting of $1 billion principal amount of its 5.150% Notes due 2028 (the “2028 Notes”), $850 million principal amount of its 5.300% Notes due 2033 (the “2033 Notes”) and $650 million principal amount of its 5.600% Notes due 2053 (the “2053 Notes” and, collectively with the 2028 Notes and the 2033 Notes, the “Notes”).

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

EXELON CORP filing history →

Source: SEC EDGAR

accession 0001109357-23-000024

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