Edison International has initiated cash tender offers to purchase all outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A.
The tender offers will expire on December 19, 2025, at 5 p.m., New York City time, unless extended by the company.
Shareholders have the opportunity to tender their Series B and Series A Preferred Stocks for a specified price per share, plus Accrued Dividends.
Tender Offers Commencement
Edison International has started cash tender offers to acquire all outstanding Series B and Series A Preferred Stocks.
Expiration Date
Shareholders have until December 19, 2025, to participate in the tender offers, subject to any extensions by the company.
Offer Price Details
The Offer Price for Series B Preferred Stock is $995 per $1,000 liquidation preference, while for Series A Preferred Stock, it is $1,000 per $1,000 liquidation preference, plus Accrued Dividends.
- The tender offers provide shareholders with the opportunity to sell their preferred stocks at a specified price, potentially impacting the company's capital structure.
- The acceptance of the tender offers may lead to changes in the ownership structure of Edison International's preferred stocks.
Edison International's cash tender offers present an opportunity for shareholders to participate in the transaction and potentially impact the company's financial structure. Shareholders are encouraged to review the Offer Materials for detailed information on the tender offers.