By Devika Patel
Knoxville, Tenn., June 13 – Two subsidiaries of Exelon Corp. priced private placements on Thursday, according to an 8-K filed with the Securities and Exchange Commission.
Potomac Electric Power Co. priced and settled a $150 million private placement of 3.45% first mortgage bonds due June 13, 2029.
Mizuho Securities USA LLC and Scotia Capital (USA) Inc. were the agents for the Potomac bonds.
Potomac will use the proceeds to repay debt and for general corporate purposes.
Delmarva Power & Light Co. priced a $75 million private placement of 4.14% first mortgage bonds due Dec. 12, 2049. This sale will settle in December.
Exelon is a utility services holding company based in Chicago. Potomac is an electric utility based in Washington, D.C. Delmarva is an electric and natural gas utility based in Newark.
| Issuer: | Potomac Electric Power Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $150 million
|
| Maturity: | June 13, 2029
|
| Coupon: | 3.45%
|
| Agents: | Mizuho Securities USA LLC and Scotia Capital (USA) Inc.
|
| Settlement date: | June 13
|
| Distribution: | Private placement
|
|
|
| Issuer: | Delmarva Power & Light Co.
|
| Issue: | First mortgage bonds
|
| Amount: | $75 million
|
| Maturity: | Dec. 12, 2049
|
| Coupon: | 4.14%
|
| Pricing date: | June 13
|
| Settlement: | December
|
| Distribution: | Private placement
|
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