Jersey Central Power & Light Company Provides Update on Exchange Offer for its 4.600% Senior Notes Due 2030
Jersey Central Power & Light Company, a subsidiary of FirstEnergy Corp., announced an offer to exchange up to $350 million in aggregate principal amount of its unregistered 4.600% Senior Notes due 2030 for registered notes of the same class. The exchange offer, which expires on August 13, 2026, is intended to satisfy the company's obligations under a registration rights agreement and does not represent a new financing transaction. The Bank of New York Mellon Trust Company, N.A.
Key figures
- Deal Value Usd
- 350000000
- Coupon rate
- 4.600%
- Maturity year
- 2030
AI analysis
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