secwatch.observer — SEC 8-K summary
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Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001109357-25-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exelon closes $1B offering of 6.500% junior subordinated notes due 2055
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- Closed public offering of $1,000,000,000 aggregate principal of 6.500% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
- Net proceeds of approximately $990 million after underwriting discounts; estimated offering expenses $2.2 million.
- Notes bear 6.500% interest from Feb 19, 2025 to March 15, 2035; then reset at 5-year Treasury plus 1.975%.
- Underwriters: Barclays, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley.
- Exelon may defer interest payments for up to 20 consecutive semi-annual periods at its option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110935725000046/0001109357-25-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109357/000110935725000046/exc-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001109357-25-000046

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