FirstEnergy Transmission, LLC, a subsidiary of FirstEnergy Corp., announced an offer to exchange $450 million of outstanding Senior Notes for new registered Senior Notes.
The exchange offer expires on January 7, 2026, and is made to satisfy the Company's obligations under a registration rights agreement.
Copies of the prospectus and exchange offer documents are available for interested parties.
Exchange Offer Announcement
FirstEnergy Transmission, LLC offers to exchange $450 million of outstanding 4.750% Senior Notes for new registered Senior Notes.
Expiration Date
The exchange offer expires on January 7, 2026, at 5:00 p.m. New York City time, unless extended.
Purpose of Exchange Offer
The offer aims to fulfill the Company's obligations under a registration rights agreement and is not a new financing transaction.
- The exchange offer demonstrates FirstEnergy Corp.'s commitment to managing its outstanding debt obligations effectively.
- Investors have the opportunity to exchange their existing Senior Notes for registered ones, potentially enhancing the liquidity of the notes.
The launch of the exchange offer by FirstEnergy Transmission, LLC reflects a strategic move to streamline debt management and enhance investor confidence in the Company.