PECO Energy Company has issued $575 million aggregate principal amount of its First and Refunding Mortgage Bonds, which have an interest rate of 5.250% and are set to mature on September 15, 2054. The bonds' interest is payable twice a year, beginning on March 15, 2025. The funds raised from the bond sale will go towards refinancing existing commercial paper and for general corporate use. The bonds are redeemable at PECO's discretion as detailed in the One Hundred and Twenty-Fourth Supplemental Indenture. Legal opinions were provided by Ballard Spahr LLP, and details of the underwriting agreement involving BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., and RBC Capital Markets, LLC are included in the report.
Names Mentioned: - PECO Energy Company - BNP Paribas Securities Corp. - Credit Agricole Securities (USA) Inc. - RBC Capital Markets, LLC - Ballard Spahr LLP - U.S. Bank National Association