Exelon completes $1 billion sale of 3.25% convertible senior notes due 2029
Exelon Corporation completed the sale of $1 billion in 3.25% convertible senior notes due March 15, 2029, including the full $100 million option, in a private offering. The company estimates net proceeds of about $987.5 million, which it intends to use to repay or refinance debt or for general corporate purposes, and the notes can be converted into cash, shares, or a combination of both. For shareholders, the deal adds debt and could lead to new shares if holders convert, with the initial conversion price set at about $57.11 per share, a 25% premium to the December 1, 2025 closing price.
Key points
- Notes total $1 billion, including the $100 million option exercised in full, and mature March 15, 2029
- Interest of 3.25% per year is payable semiannually, starting September 15, 2026
- Initial conversion price is about $57.11 per share, a premium of about 25% over the December 1, 2025 last reported sale price
- Estimated net proceeds are about $987.5 million before other offering expenses
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 04, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.