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

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EXELON CORP filing history →

Source: SEC EDGAR

accession 0001109357-23-000024

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