Exelon Prices $900M 3.25% Convertible Senior Notes Due 2029

Exelon has priced a $900 million offering of 3.25% convertible senior notes due 2029. The net proceeds will be approximately $888.8 million, and the company intends to use the funds for debt repayment or general corporate purposes. The convertible notes will mature on March 15, 2029, and holders can convert them after December 15, 2028. The initial conversion price is approximately $57.11 per share.