FirstEnergy Transmission, LLC: debt financing — 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.

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

FirstEnergy Transmission, LLC incurred senior notes of $450 million aggregate principal amount with BofA Securities, Inc., CIBC World Markets Corp., Mizuho Securities USA LLC, and RBC Capital Markets, LLC at 4.750% maturing January 15, 2033.

Instrument: senior notes
Principal: $450 million aggregate principal amount
Counterparty: BofA Securities, Inc., CIBC World Markets Corp., Mizuho Securities USA LLC, and RBC Capital Markets, LLC
Rate: 4.750%
Maturity: January 15, 2033
Event: incurrence

Exact text from the filing

On August 13, 2025 (the “Closing Date”), FirstEnergy Transmission, LLC (the “Company”), completed its offering of $450 million aggregate principal amount of its 4.750% senior notes due 2033

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Source: SEC EDGAR

accession 0002038118-25-000019

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