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Form 8-K · Current Report · Filed 2025-12-04

Exelon Corporation Announces Sale of $1 Billion Convertible Senior Notes Due 2029

On December 4, 2025, Exelon Corporation announced the completion of its sale of $1 billion aggregate principal amount of 3.25% Convertible Senior Notes due 2029, intended for use in repaying or refinancing debt or for general corporate purposes.

Filer
Exelon Corporation EXC · NASDAQ
Filed
Accession
0001109357-25-000198
CIK
0001109357
Signal
Medium impactUtilities

Details

The offering was announced in a press release on December 1, 2025. The Notes were sold to initial purchasers in reliance on Rule 144A and will be convertible into cash or a combination of cash and shares of Exelon's common stock. The net proceeds from the sale are estimated to be approximately $987.5 million after deducting discounts and commissions but before other offering expenses.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 3.02

Unregistered Sales of Equity Securities

Private Placement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$44.54

Next session

-1.6%

Since filing

+2.9%

Latest close

$45.82

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from EXC reporting the same item, with the next session's move:

About Exelon Corporation

Exelon Corporation is a leading American energy provider primarily recognized for its role as one of the largest competitive power generators in the United States. Operating through its multi-faceted subsidiaries, Exelon generates electricity, distributes energy, and offers services to customers in a variety of forms, including nuclear, fossil, wind, hydroelectric, and solar power. The corporation's key function lies in its ability to deliver efficient electricity services to residential, commercial, and governmental sectors, ensuring reliability and sustainability. Headquartered in Chicago, Illinois, Exelon plays a significant part in the transition toward clean energy, leveraging its extensive nuclear operations to reduce carbon emissions and meet evolving environmental standards. Furthermore, Exelon's commitment to innovation in energy management and its efforts toward clean energy initiatives underscore its importance in the broader context of energy policy and environmental goals. The company is closely engaged in regulatory sectors and governmental partnerships, which bolster its position within the market as a pioneer in energy solutions and service reliability.

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