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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EXELON CORP filing history →

Source: SEC EDGAR

accession 0001109357-25-000198

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