ComEd Announces $450 Million Bond Sale
November 13 2015 - 1:38PM
Business Wire
ComEd announced that it has priced $450 million of First
Mortgage Bonds maturing on November 15, 2045, with a coupon of 3.70
percent. ComEd will use the net proceeds from the sale of the bonds
to repay a portion of our outstanding commercial paper obligations
and for general corporate purposes. The sale is scheduled to close
on November 19.
Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner
& Smith Incorporated and Wells Fargo Securities, LLC led the
offering as active joint book-running managers. CIBC World Markets
Corp. and RBC Capital Markets, LLC served as passive joint
book-running managers and BNY Mellon Capital Markets, LLC served as
a senior co-manager. Minority-owned IFS Capital Markets and MFR
Securities, Inc. 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 Citigroup
Global Markets Inc. at 1-800-831-9146, Merrill Lynch, Pierce,
Fenner & Smith Incorporated at 1-800-294-1322 and Wells Fargo
Securities, LLC at 1-800-645-3751.
Cautionary Statements Regarding Forward-Looking
Information
This Press Release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 that are subject to risks and uncertainties. The factors
that could cause actual results to differ materially from the
forward-looking statements made by ComEd include those discussed
herein as well as the items discussed in (1) ComEd’s 2014 Annual
Report on Form 10-K in (a) ITEM 1A. Risk Factors, (b) ITEM 7.
Management’s Discussion and Analysis of Financial Condition and
Results of Operations and (c) ITEM 8. Financial Statements and
Supplementary Data: Note 22 and (2) other factors discussed in
filings with the Securities and Exchange Commission by ComEd.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which apply only as of the date of this
Press Release. ComEd undertakes no obligation to publicly release
any revision to its forward-looking statements to reflect events or
circumstances after the date of this Press Release.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 7.8 million customers. ComEd
provides service to approximately 3.8 million customers across
northern Illinois, or 70 percent of the state’s population. For
more information visit ComEd.com, and connect with the company on
Facebook, Twitter and YouTube.
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ComEd Media Relations(312) 394-3500ComEd.com/News
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