February 06, 2013
Exelon Generation Extends Exchange Offer
Exelon Generation Company, LLC (Generation) announced today that it will extend the deadline with respect to its exchange offer
CHICAGO — Exelon Generation Company, LLC (Generation) announced today that it will extend the deadline with respect to its exchange offer to exchange (i) $523,303,000 of its 4.25% Senior Notes due 2022 (new 2022 notes), which have been registered under the Securities Act of 1933 (Securities Act), for $523,303,000 of its currently outstanding 4.25% Senior Notes due 2022, which were issued in a private placement in compliance with Rule 144A and Regulation S under the Securities Act (outstanding 2022 notes); and (ii) $788,203,000 of its 5.60% Senior Notes due 2042, which have been registered under the Securities Act (new 2042 notes, and collectively with the new 2022 notes, the new notes) for $788,203,000 of its currently outstanding 5.60% Senior Notes due 2042, which were issued in a private placement in compliance with Rule 144A and Regulation S under the Securities Act (outstanding 2042 notes, and collectively with the outstanding 2022 notes, the outstanding notes). The terms of the new notes and the outstanding notes are substantially identical in all material respects, except that the new notes have been registered under the Securities Act.
The exchange offer was scheduled to expire at 5 p.m. New York City time on Feb. 6, 2013. The exchange offer will now expire at 5 p.m. New York City time on Feb. 12, 2013, unless further extended by Generation. The exchange offer has been extended to allow holders of outstanding notes who have not yet tendered them for exchange additional time to do so. All other terms, provisions and conditions of the exchange offer, as described in the prospectus dated Jan. 8, 2013, will remain in full force and effect. Holders who have already properly tendered their outstanding notes do not need to retender.
As of 5 p.m. New York City time, Feb. 6, 2013, $1,309,856,000 in aggregate principal amount of the outstanding notes had been validly tendered and not withdrawn in the exchange offer, representing approximately 99.87 percent of the outstanding principal amount of the outstanding notes. Persons with questions regarding the exchange offer should contact the exchange agent, U.S. Bank National Association, at 651-466-7150.
A registration statement describing the Exchange Offer was declared effective by the Securities and Exchange Commission on Dec. 7, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the new notes or any other security, and shall not constitute an offer, solicitation or sale in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.
Exelon Corporation (NYSE:EXC) is the nation’s leading competitive energy provider, with approximately $33 billion in annual revenues. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is the largest competitive U.S. power generator, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 6.6 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO).