CHICAGO - Exelon Generation Company, LLC (Generation) announced today that it intends to launch private exchange offers to exchange new senior notes maturing in 2022, and cash, and/or new senior notes maturing in 2042, and cash, for any and all of its $700 million outstanding 7.60% Senior Notes, due April 1, 2032 (CUSIP No. 210371AF7), of its parent Exelon Corporation (Exelon), which were assumed by Exelon from Constellation Energy Group Inc. The new notes offered in the exchange will constitute a further issuance of, and will form a single series with, the senior notes that Generation expects to issue for cash on June 18, 2012.
The exchange offers will only be made to qualified institutional buyers pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the Securities Act), subject to market and other conditions. No assurance can be given that the exchange offers will be completed or, if completed, as to the terms on which they will be completed. The senior notes to be offered in the exchange offers have not been registered under the Securities Act or state securities laws and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The factors that could cause actual results to differ materially from these forward-looking statements include those discussed herein as well as those discussed in (1) any risk factors discussed in this Offering Memorandum; (2) those factors discussed in the following sections of our 2011 Annual Report on Form 10-K: (a) ITEM 1A. Risk Factors, (b) ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations and (c) ITEM 8. Financial Statements and Supplementary Data: Note 18; (3) those factors discussed in the following section of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2012: (a) Part II, Other Information, ITEM 1A. Risk Factors, (b) Part 1, Financial Information, ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and (c) Part I, Financial Information, ITEM 1. Financial Statements: Note 14, and (4) other factors discussed in filings with the Securities and Exchange Commission (SEC) by Exelon Corporation and Exelon Generation Company, LLC (Companies). Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this press release. Neither of the Companies undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release.