Constellation Energy plans to sell two fixed-rate senior notes

By Mary-Katherine Stinson

Lexington, Ky., Feb. 21 – Constellation Energy Generation LLC plans to sell two tranches of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be callable with a make-whole premium until some months before the maturity date, and after that at par.

Barclays, BNP Paribas Securities Corp., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. are leading the sale. SMBC Nikko Securities Americas, Inc. and Truist Securities, Inc. are also bookrunners.

Huntington Securities, Inc., M&T Securities, Inc. and Santander US Capital Markets LLC are senior co-managers.

U.S. Bank Trust Co., NA will be the trustee.

Samuel A. Ramirez & Co., Inc. is the co-manager.

Ballard Spahr LLP is advising the issuer. Winston & Strawn LLP is working as counsel for the underwriters.

Proceeds will be used for general corporate purposes.

Formerly Exelon Generation Co., LLC, Constellation Energy Generation is a subsidiary of Constellation Energy Corp., a power generation and customer-facing energy business based in Kennett Square, Pa.

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