debt
confidence high
sentiment neutral
materiality 0.55
FirstEnergy Transmission closes $450M 4.75% senior notes due 2033
FirstEnergy Transmission, LLC
- $450M aggregate principal, 4.750% coupon, matures Jan 15, 2033; interest semi-annual starting Jan 15, 2026.
- Proceeds to repay short-term debt, fund capital improvements, working capital, and general corporate purposes.
- Notes are senior unsecured, no financial covenants; redeemable at make-whole before Nov 15, 2032, then at par.
- Sold under Rule 144A/Reg S; Registration Rights Agreement filed requiring exchange offer within 366 days.
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