Exelon (EXC) said in a Wednesday filing that it closed the public offering of $1 billion aggregate principal amount of its 6.5% fixed-to-fixed reset rate junior subordinated notes due 2055.
The company received about $990 million in proceeds from the sale of the notes, according to the filing.
The company said the offering was under a Feb. 13 underwriting deal with a group of financial institutions.
The notes are set to mature on March 15, 2055, with interest payable semi-annually starting on Sept. 15, according to the filing.
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