Edison International announced the expiration and results of its cash tender offers for its preferred stocks.
The total aggregate liquidation preference of Series B Preferred Stock and Series A Preferred Stock tendered and accepted for purchase was significant.
The Settlement Date for the accepted Securities is expected to be December 23, 2025.
Total Aggregate Liquidation Preference
$415,517,000 for Series B Preferred Stock and $744,975,000 for Series A Preferred Stock.
Acceptance of Tendered Securities
The Company accepted all Securities validly tendered and not validly withdrawn as of the Expiration Date.
Offer Consideration
$995 per $1,000 liquidation preference per share of Series B Preferred Stock and $1,000 per $1,000 liquidation preference per share of Series A Preferred Stock, plus Accrued Dividends.
Settlement Date
Expected to be on December 23, 2025.
Dealer Managers
Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Santander US Capital Markets LLC are acting as dealer managers.
- Edison International successfully completed its tender offers for preferred stocks.
- Investors responded positively to the Offers, leading to significant tendered amounts.
- The Company's actions demonstrate its commitment to managing its capital structure effectively.
Edison International's completion of the tender offers reflects a strategic financial move aimed at optimizing capital utilization and enhancing shareholder value.