---
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"
generated_at: "2026-05-16T14:29:58.328263+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Exelon closes $1B of 3.25% convertible notes due 2029; net proceeds ~$987.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001109357-25-000198
- JSON: https://secwatch.observer/filing/0001109357-25-000198.json
- Plain text: https://secwatch.observer/filing/0001109357-25-000198.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1109357/000110935725000198/0001109357-25-000198-index.htm

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