JCP&L launches exchange offer for $350 million in senior notes due 2030

Jersey Central Power & Light Company (JCP&L), a subsidiary of FirstEnergy Corp. (NYSE: FE), has announced an offer to exchange up to $350 million in unregistered 4.600% Senior Notes due 2030 for a like principal amount of registered notes under the Securities Act of 1933.

The exchange offer, initiated July 16, 2026, is set to expire at 5:00 p.m. New York City time on August 13, 2026, unless extended. Holders may withdraw tendered notes at any time before the offer expires.

According to the company, the exchange offer is being made to satisfy obligations under a registration rights agreement tied to the original issuance of the notes and does not represent a new financing transaction.

The terms are detailed in a prospectus dated July 16, 2026, supplemented July 17, 2026, and filed with the Securities and Exchange Commission as part of a Registration Statement on Form S-4, which was declared effective July 14, 2026. The Bank of New York Mellon Trust Company, N.A. is serving as exchange agent.

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