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FirstEnergy Transmission, LLC Announces Extension of Exchange Offer for its 4.750% Senior Notes Due 2033
Prnewswire· 2026-01-08 12:30
Core Viewpoint - FirstEnergy Transmission, LLC has extended its exchange offer for up to $450 million of its outstanding 4.750% Senior Notes due 2033, allowing holders to exchange for registered New Notes under the Securities Act [1][2]. Group 1: Exchange Offer Details - The exchange offer was initially set to expire on January 7, 2026, but has been extended to January 21, 2026 [2]. - As of the original expiration date, approximately $449.48 million, or 99.88%, of the Outstanding Notes were tendered in the exchange offer [2]. Group 2: Company Overview - FirstEnergy operates one of the largest investor-owned electric systems in the U.S., serving over six million customers across several states including Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York [4]. - The company's transmission subsidiaries manage around 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions [4].
FirstEnergy Transmission, LLC Announces Launch of Exchange Offer For its 4.750% Senior Notes Due 2033
Prnewswire· 2025-12-05 12:34
Core Points - FirstEnergy Transmission, LLC announced an exchange offer for up to $450 million of its outstanding 4.750% Senior Notes due 2033 for an equal amount of registered New Notes [1] - The exchange offer will expire on January 7, 2026, at 5:00 p.m. New York City time, unless extended [2] - The exchange offer is made to fulfill obligations under a registration rights agreement and does not represent a new financing transaction [2] Exchange Offer Details - The terms of the exchange offer are outlined in a prospectus dated December 5, 2025, which is available from the exchange agent, U.S. Bank Trust Company [3] - The exchange offer is being conducted in accordance with the Securities Act of 1933 and has been filed with the Securities and Exchange Commission [3]