Southern California Edison plans first and refunding mortgage bonds

By Devika Patel

Knoxville, Tenn., Sept. 28 – Southern California Edison Co. intends to price first and refunding mortgage bonds, series 2020C, due 2026, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call until Jan. 1, 2026, and then a par call.

MUFG and Truist Securities Inc. are the bookrunners.

Proceeds will be used to pay wildfire claims above the amount of expected insurance proceeds.

Southern California Edison is a subsidiary of Edison International, a Rosemead, Calif., energy company.

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