---
schema_version: "secwatch.filing_event.v1"
accession: "0001109357-23-000024"
form_type: "8-K"
ticker: "EXC"
cik: "0001109357"
company_name: "EXELON CORP"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:25:42.596384+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Exelon issues $2.5B in notes across three tranches to refinance debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001109357-23-000024
- form_type: 8-K
- ticker: EXC
- cik: 0001109357
- company_name: EXELON CORP
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000024/0001109357-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000024/exc-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-23-000024
- JSON: https://secwatch.observer/filing/0001109357-23-000024.json
- Plain text: https://secwatch.observer/filing/0001109357-23-000024.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000024/0001109357-23-000024-index.htm
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000024/0001109357-23-000024-index.htm
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000024/0001109357-23-000024-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935723000024/0001109357-23-000024-index.htm

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