By Andrea Heisinger
Omaha, Sept. 25 - Exelon Generation Co., LLC priced an upsized $700 million of 6.2% 10-year senior notes Tuesday to yield Treasuries plus 165 basis points, an informed source said.
The issue was launched at $500 million.
The notes (A3/BBB+/BBB+) were priced at 99.756 to yield 6.233%.
There is a make-whole call at Treasuries plus 25 bps.
Bookrunners were Barclays Capital Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
Proceeds will be used to refinance the company's commercial paper and for general corporate purposes.
Exelon is an electric company based in Kennett Square, Pa.
| Issuer: | Exelon Generation Co., LLC
|
| Issue: | Senior notes
|
| Amount: | $700 million, upsized from $500 million
|
| Maturity: | Oct. 1, 2017
|
| Bookrunners: | Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities Inc.
|
| Coupon: | 6.2%
|
| Price: | 99.756
|
| Yield: | 6.233%
|
| Spread: | Treasuries plus 165 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Trade date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
