Baltimore Gas offers 30-year notes via six bookrunners

By Rebecca Melvin

Concord, N.H., June 1 – Baltimore Gas and Electric Co. is offering dollar-denominated notes due June 1, 2052, according to a 424B2 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until Dec. 1, 2051 and then a par call.

BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, PNC Capital Markets LLC, Wells Fargo Securities LLC, SMBC Nikko Securities America Inc. and U.S. Bancorp Investments Inc. are the bookrunners. The senior co-managers are BNY Mellon Capital Markets LLC and Loop Capital Markets LLC.

U.S. Bank Trust Co. NA is trustee of the notes.

Counsel to the issuer is provided by McKennon Shelton & Henn LLP, and counsel to the underwriters is provided by Winston & Strawn LLP.

Proceeds will be used to repay certain commercial paper obligations, to redeem $250 million outstanding 2.8% notes due Aug. 15, 2022 and for general corporate purposes.

Baltimore-based Baltimore Gas and Electric is a subsidiary of Exelon Corp.

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