Baltimore Gas and Electric to price offering of notes due 2053

By Marisa Wong

Los Angeles, May 8 – Baltimore Gas and Electric Co. plans to price notes due June 1, 2053, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call until Dec. 1, 2052, and then they will be callable at par.

BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., Credit Suisse Securities (USA) LLC and U.S. Bancorp Investments, Inc. are the joint bookrunners.

BNY Mellon Capital Markets, LLC and Santander US Capital Markets LLC are the senior co-managers.

U.S. Bank Trust Co, NA is the trustee.

McKennon Shelton & Henn LLP will act as counsel for the issuer, and Winston & Strawn LLP will act as counsel for the underwriters.

Proceeds will be used for general corporate purposes.

The Baltimore-based electricity and natural gas company is a unit of Chicago-based utility services holding company Exelon.

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