Exelon Generation Announces $750 Million Bond Sale
09 January 2015 - 10:08AM
Business Wire
Exelon Generation announced that it has priced $750 million of
Senior Notes maturing on Jan. 15, 2020, with a coupon of 2.95
percent. Exelon Generation will use the net proceeds from the sale
of the Senior Notes, after deducting underwriters’ discounts and
commissions and other estimated fees and expenses, to fund the
optional redemption of Exelon’s $550 million 4.55 percent Senior
Notes due June 15, 2015 and for general corporate purposes. The
sale is scheduled to close on Jan. 13.
Barclays Capital Inc. and Morgan Stanley & Co. LLC led the
offering as active joint book-running managers, and Citigroup
Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P.
Morgan Securities LLC served as passive joint book-running
managers. Hispanic-owned Samuel A. Ramirez & Company, Inc. and
woman-owned Telsey Advisory Group LLC served as co-managers for the
offering.
An automatic shelf registration statement relating to the sale
of the bonds became effective upon filing with the Securities and
Exchange Commission on May 23, 2014. The offering is being made by
means of a prospectus supplement and an accompanying prospectus.
Copies of the prospectus supplement and accompanying prospectus
relating to the offering may be obtained by calling Barclays
Capital Inc. toll-free at 1-888-603-5847 and Morgan Stanley &
Co. LLC toll-free at 1-866-718-1649.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities law of any such jurisdiction.
Exelon Corporation (NYSE: EXC) is the nation’s leading
competitive energy provider, with 2013 revenues of approximately
$24.9 billion. Headquartered in Chicago, Exelon does business in 48
states, the District of Columbia and Canada. Exelon is one of the
largest competitive U.S. power generators, with more than 35,000
megawatts of owned capacity comprising one of the nation’s cleanest
and lowest-cost power generation fleets. The company’s
Constellation business unit provides energy products and services
to more than 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Exelon’s utilities deliver electricity and natural gas to more than
7.8 million customers in central Maryland (BGE), northern Illinois
(ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on
Twitter @Exelon.
Cautionary Statements Regarding Forward-Looking
Information
This communication contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, that are subject to risks and uncertainties. The factors
that could cause actual results to differ materially from the
forward-looking statements made by Exelon Corporation, Commonwealth
Edison Company, PECO Energy Company, Baltimore Gas and Electric
Company and Exelon Generation Company, LLC (Registrants) include
those factors discussed herein, as well as the items discussed in
(1) Exelon’s 2013 Annual Report on Form 10-K in (a) ITEM 1A. Risk
Factors, (b) ITEM 7. Management’s Discussion and Analysis of
Financial Condition and Results of Operations and (c) ITEM 8.
Financial Statements and Supplementary Data: Note 22; (2) Exelon’s
Third Quarter 2014 Quarterly Report on Form 10-Q in (a) Part II,
Other Information, ITEM 1A. Risk Factors; (b) Part 1, Financial
Information, ITEM 2. Management’s Discussion and Analysis of
Financial Condition and Results of Operations and (c) Part I,
Financial Information, ITEM 1. Financial Statements: Note 18; and
(3) other factors discussed in filings with the SEC by the
Registrants. Readers are cautioned not to place undue reliance on
these forward-looking statements, which apply only as of the date
of this communication. None of the Registrants undertakes any
obligation to publicly release any revision to its forward-looking
statements to reflect events or circumstances after the date of
this communication.
Exelon Corporate CommunicationsPaul
Elsberg312-394-7417paul.elsberg@exeloncorp.comorExelon Investor
RelationsFrancis
Idehen312-394-3967francis.idehen@exeloncorp.com
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