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.