Southern California Edison (EIX) revealed the completion and outcomes of the tender offer concerning the 5.45% Fixed-to-Floating Rate Trust Preference Securities issued by SCE Trust V, showcasing strategic financial maneuvering.
The tender offer terminated on December 19, 2025, with a substantial $181,274,175 aggregate liquidation preference of Trust Securities validly tendered and accepted for acquisition, underscoring investor response and appetite.
All prerequisites for the tender offer were either deemed fulfilled or waived by the Company by the Expiration Date, streamlining the process and indicating a carefully planned execution.
Offer Results
Investors committed $181,274,175 towards the acquisition of Trust Securities at a price of $25 per $25 liquidation amount, reflecting confidence in the offer and strategic financial decision-making.
Settlement Date
Anticipated Settlement Date for the tender offer is set for December 23, 2025, which is instrumental in finalizing the exchange and infusion of capital from the investors into the Company.
Dealer Managers
Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Santander US Capital Markets LLC served as dealer managers for the Offer, ensuring effective management of the tender process and aligning investor interests with Company objectives.
- The successful closure of the tender offer, with all conditions met, reflects meticulous planning and execution by Southern California Edison, reinforcing investor trust in the Company's financial strategies and signaling attractiveness of the offer.
- The substantial response from investors in tendering Trust Securities for the acquisition, amounting to $181,274,175, not only underscores confidence in the offer but also highlights investor belief in the Company's stability and financial prospects.
Southern California Edison's adept handling of the tender offer for the Trust Securities, resulting in a significant response from investors, not only strengthens the Company's financial position but also signifies investor confidence in the stability and value proposition presented by EIX.