{"schema_version":"secwatch.filing_event.v1","accession":"0001109357-25-000198","form_type":"8-K","ticker":"EXC","cik":"0001109357","company_name":"EXELON CORP","filed_at":"2025-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.814027+00:00","generated_at":"2026-05-16T14:29:58.328263+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Exelon closes $1B of 3.25% convertible notes due 2029; net proceeds ~$987.5M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001109357-25-000198","json":"https://secwatch.observer/filing/0001109357-25-000198.json","markdown":"https://secwatch.observer/filing/0001109357-25-000198.md","text":"https://secwatch.observer/filing/0001109357-25-000198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1109357/000110935725000198/0001109357-25-000198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1109357/000110935725000198/exc-20251204.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:29:58.328263+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"232d19c4e003684eb29053fee70ca96b97bb7755","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1109357/000110935725000198/0001109357-25-000198-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1 billion aggregate principal amount"},{"label":"Counterparty","value":"The Bank of New York Mellon Trust Company, N.A. (trustee)"},{"label":"Rate","value":"3.25% per year"},{"label":"Maturity","value":"March 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}