FirstEnergy Transmission, LLC, a subsidiary of FirstEnergy Corp., extended its offer to exchange $450 million of 4.750% Senior Notes due 2033.
The exchange offer was initially set to expire on January 7, 2026, but has been extended to January 21, 2026.
Nearly $449.5 million of the Outstanding Notes have already been tendered in the exchange offer.
Offer Extension
The exchange offer for 4.750% Senior Notes due 2033 has been extended from January 7 to January 21, 2026.
High Participation
99.88% of the Outstanding Notes, totaling $449,480,000, have been tendered in the exchange offer.
- The extension of the exchange offer provides more time for investors to participate and involves a significant amount of outstanding notes.
- The high participation rate indicates strong interest from investors in exchanging their existing notes for the new ones.
FirstEnergy Corp.'s decision to extend the exchange offer and the high participation rate reflect investor confidence in the company's future prospects.