Exelon Corp. (EXC) Announces $500M Share Offering
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Exelon Announces Public Offering of Common Stock
August 4, 2022 4:02 PM EDTCHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) today announced that it intends to sell $500 million of its common stock without par value in an underwritten public offering. Exelon also intends to grant the underwriters a 30-day option to purchase up to $75 million additional shares of common stock in the offering. The net proceeds from the offering will be used to permanently repay borrowings under a $1.15 billion term loan credit facility.
Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are acting as joint book-running managers... More
