Exelon Generation to offer notes in two parts through two bookrunners

By Devika Patel

Knoxville, Tenn., March 7– Exelon Generation Co., LLC intends to offer senior notes in two tranches, including an add-on to its 2.95% senior notes (Baa2/BBB/BBB+) due 2020, according to a 424B2 filing with the Securities and Exchange Commission. The company sold $750 million of 2.95% notes on Jan. 8, 2015.

The new notes due 2022 have a make-whole call until Feb. 15, 2022 and then a par call.

The 2.95% notes have a make-whole call until Dec. 15, 2019 and then a par call.

Barclays and J.P. Morgan Securities LLC are the bookrunners. Morgan Stanley & Co. LLC is the joint lead manager. KeyBanc Capital Markets Inc. is the senior co-manager.

Proceeds will be used to repay all commercial paper obligations and for general corporate purposes.

Exelon is a utility services holding company based in Chicago.

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