Exelon Corporation, 2015

Exelon Corporation
$4,200,000,000 5-part Senior Notes

Exelon Corp. raises $4.2B in one of the largest utility issuances ever to finance its Pepco Holdings merger

$550,000,000 of Senior Notes Due 2017
$900,000,000 Senior Notes due 2020
$1,250,000,000 Senior Notes due 2025
$500,000,000 Senior Notes due 2035
$1,000,000,000 Senior Notes due 2045

exelon tombstoneOn June 8, 2015, Siebert Brandford Shank served as a co-manager in one of the largest utility issuances ever, a $4.2B, 5-part offering of Senior Notes for Exelon Corporation. The use of proceeds for the aforementioned notes were used to finance a portion of the Pepco Holdings merger, which was announced in April 2014. Throughout the course of the day, spreads tightened by at least 15 basis points for each tranche from initial thoughts for pricing. Aftermarket performance was strong, with the 5-year tranche trading 7 basis points tighter than at issue, and the 30-year tranche quoted 2 basis points tighter than at issue.