Analyst Summary
- Edison International (EIX) has agreed to sell $550 million in principal amount of 6.25% Senior Notes due in 2030.
- The notes are being offered under an underwriting agreement with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Wells Fargo Securities, LLC acting as representatives of the underwriters.
- The notes will be issued under the Fourteenth Supplemental Indenture to the Indenture dated as of September 10, 2010, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee.
- The notes are callable at any time prior to February 15, 2030, in whole or in part, at the greater of (a) a “make whole” premium of T+ 37.5 bps and (b) 100% of the principal amount of the notes being redeemed plus, in either case, accrued and unpaid interest to but excluding the date of redemption. At any time on or after February 15, 2030, callable, in whole or in part, at 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to but excluding the date of redemption.