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Exelon Generation Announces $750 Million Bond Sale

Exelon Generation announced that it has priced $750 million of Senior Notes maturing on Jan. 15, 2020, with a coupon of 2.95 percent

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CHICAGO (Jan. 8, 2015) - Exelon Generation announced that it has priced $750 million of Senior Notes maturing on Jan. 15, 2020, with a coupon of 2.95 percent.  Exelon Generation will use the net proceeds from the sale of the Senior Notes, after deducting underwriters' discounts and commissions and other estimated fees and expenses, to fund the optional redemption of Exelon's $550 million 4.55 percent Senior Notes due June 15, 2015 and for general corporate purposes.  The sale is scheduled to close on Jan. 13. 

Barclays Capital Inc. and Morgan Stanley & Co. LLC led the offering as active joint book-running managers, and Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC served as passive joint book-running managers.  Hispanic-owned Samuel A. Ramirez & Company, Inc. and woman-owned Telsey Advisory Group LLC served as co-managers for the offering.  

An automatic shelf registration statement relating to the sale of the bonds became effective upon filing with the Securities and Exchange Commission on May 23, 2014.  The offering is being made by means of a prospectus supplement and an accompanying prospectus.  Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by calling Barclays Capital Inc. toll-free at 1-888-603-5847 and Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.

Cautionary Statements Regarding Forward-Looking Information

This communication contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks and uncertainties. The factors that could cause actual results to differ materially from the forward-looking statements made by Exelon Corporation, Commonwealth Edison Company, PECO Energy Company, Baltimore Gas and Electric Company and Exelon Generation Company, LLC (Registrants) include those factors discussed herein, as well as the items discussed in (1)  Exelon's 2013 Annual Report on Form 10-K in (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 22; (2) Exelon's Third Quarter 2014 Quarterly Report on Form 10-Q in (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 18; and (3) other factors discussed in filings with the SEC by the Registrants. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this communication. None of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this communication.


 

 

 

 

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