Exelon Corp. (EXC) Prices 11.3M Share Public Offering

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Go back to Exelon Corp. (EXC) Prices 11.3M Share Public Offering

Exelon Announces Pricing of Public Offering of Common Stock

August 5, 2022 8:00 AM EDT

CHICAGO--(BUSINESS WIRE)-- Exelon (Nasdaq: EXC) today announced the pricing of an underwritten public offering of 11,300,000 shares of common stock for expected gross proceeds of approximately $500 million before deducting estimated offering expenses. In connection with the offering, the underwriters have been granted a 30-day option to purchase up to an additional 1,695,000 shares of common stock. The offering is expected to close on Aug. 9, 2022, subject to the satisfaction of customary closing conditions. The net proceeds from the offering will be used to permanently repay a portion of the borrowings under a $1.15 billion term loan credit... More