EXELON CORP (EXC): debt financing — Exelon closes $1B of 3.25% convertible notes due 2029; net proceeds ~$987.5M

EXELON CORP

Issued $1B aggregate principal (incl. $100M over-allotment) of 3.25% convertible senior notes due March 15, 2029.
Initial conversion rate 17.5093 shares/$1,000 principal, equal to ~$57.11 per share (25% premium over Dec. 1 close).
Net proceeds ~$987.5M after discounts/commissions; to be used for debt repayment/refinancing or general corporate purposes.
Notes are senior unsecured, convertible into cash/shares at issuer's election, and not redeemable before maturity.
Interest payable semiannually on March 15 and September 15, starting September 15, 2026.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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 convertible notes of $1 billion aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. (trustee) at 3.25% per year maturing March 15, 2029.

Instrument: convertible notes
Principal: $1 billion aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A. (trustee)
Rate: 3.25% per year
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

On December 4, 2025, Exelon Corporation (the “Company”) completed its previously announced sale of $1 billion aggregate principal amount of 3.25% Convertible Senior Notes due 2029 (the “Notes”), which amount includes the exercise in full of the $100 million option to purchase additional Notes granted to the initial purchasers, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

EXELON CORP issued $1 billion aggregate principal amount of 3.25% Convertible Senior Notes due 2029 of convertible note to qualified institutional buyers for approximately $987.5 million net proceeds.

Security: convertible note
Shares: $1 billion aggregate principal amount of 3.25% Convertible Senior Notes due 2029
Purchaser: qualified institutional buyers
Consideration: approximately $987.5 million net proceeds

Exact text from the filing

such subsidiaries in accordance with the Generally Accepted Accounting Principles). The Company estimates that the net proceeds from the sale of the Notes will be approximately $987.5 million, after deducting the initial purchasers’ discounts and commissions but before deducting other offering expenses. The Company intends to use the net proceeds of this offering to

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EXELON CORP entered into Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $1 billion (effective 2025-12-04).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $1 billion
Effective: 2025-12-04

Exact text from the filing

The Company issued the Notes pursuant to an indenture (the “Indenture”), dated as of December 4, 2025, by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”).

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

EXELON CORP filing history →

Source: SEC EDGAR

accession 0001109357-25-000198

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