Exelon Announces Proposed Offering of $900 Million of Convertible Senior Notes due 2029

Core Viewpoint - Exelon Corporation plans to offer $900 million of convertible senior notes due 2029, with an option for initial purchasers to buy an additional $100 million within 13 days of issuance [1][2]. Group 1: Offering Details - The offering will be conducted as a private placement under the Securities Act of 1933 [1]. - The convertible notes will be senior unsecured obligations and convertible at the holders' option under certain conditions [3]. - Interest on the notes will be paid semiannually, and conversions will be settled in cash or common stock at Exelon's discretion [3]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for debt repayment, refinancing, or general corporate purposes [2]. Group 3: Regulatory and Legal Considerations - The offering is targeted at qualified institutional buyers under Rule 144A, and the notes will not be registered under the Securities Act [4]. - The press release clarifies that it does not constitute an offer to sell or solicit an offer to buy the securities [5].