secwatch.observer — SEC 8-K summary
======================================

Issuer:     EXELON CORP (EXC)
CIK:        0001109357
Form:       8-K
Filed at:   2025-12-04T23:59:59+00:00
Accession:  0001109357-25-000198
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109357/000110935725000198/0001109357-25-000198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109357/000110935725000198/exc-20251204.htm
  HTML page:      https://secwatch.observer/filing/0001109357-25-000198

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer