Jersey Central Power & Light Company Announces Launch of Exchange Offer for its 5.100% Senior Notes Due 2035
Jersey Central Power & Light Company (JCP&L), a FirstEnergy Corp subsidiary, has announced an exchange offer for its 5.100% Senior Notes due 2035. The company is offering to exchange up to $700 million aggregate principal amount of outstanding notes for an equal amount of new notes registered under the Securities Act.
The exchange offer will expire on May 15, 2025 at 5:00 p.m. New York City time, unless extended. This exchange offer fulfills the company's obligations under a registration rights agreement and does not represent a new financing transaction. JCP&L currently serves 1.1 million customers across 13 New Jersey counties.
Jersey Central Power & Light Company (JCP&L), una controllata di FirstEnergy Corp, ha annunciato un'offerta di scambio per le sue Obbligazioni Senior al 5,100% con scadenza 2035. La società propone di scambiare fino a un importo aggregato principale di 700 milioni di dollari di obbligazioni in circolazione con un pari ammontare di nuove obbligazioni registrate ai sensi del Securities Act.
L'offerta di scambio scadrà il 15 maggio 2025 alle ore 17:00, ora di New York, salvo eventuali proroghe. Questa offerta di scambio soddisfa gli obblighi della società previsti da un accordo sui diritti di registrazione e non costituisce una nuova operazione di finanziamento. JCP&L serve attualmente 1,1 milioni di clienti in 13 contee del New Jersey.
Jersey Central Power & Light Company (JCP&L), una subsidiaria de FirstEnergy Corp, ha anunciado una oferta de intercambio para sus Notas Senior al 5,100% con vencimiento en 2035. La compañía ofrece intercambiar hasta un monto principal agregado de 700 millones de dólares en notas en circulación por una cantidad igual de nuevas notas registradas bajo la Securities Act.
La oferta de intercambio expirará el 15 de mayo de 2025 a las 5:00 p.m., hora de Nueva York, salvo que se extienda. Esta oferta cumple con las obligaciones de la compañía bajo un acuerdo de derechos de registro y no representa una nueva transacción de financiamiento. Actualmente, JCP&L atiende a 1.1 millones de clientes en 13 condados de Nueva Jersey.
Jersey Central Power & Light Company (JCP&L), FirstEnergy Corp의 자회사로서, 2035년 만기 5.100% 선순위 채권에 대한 교환 제안을 발표했습니다. 회사는 미등록 채권을 증권법에 따라 등록된 동등한 금액의 새로운 채권으로 최대 7억 달러까지 교환할 것을 제안합니다.
교환 제안은 연장되지 않는 한 2025년 5월 15일 뉴욕 시간 오후 5시에 만료됩니다. 이번 교환 제안은 등록 권리 계약에 따른 회사의 의무를 이행하는 것이며 새로운 자금 조달 거래를 의미하지 않습니다. JCP&L은 현재 뉴저지 13개 카운티에서 110만 명의 고객에게 서비스를 제공하고 있습니다.
Jersey Central Power & Light Company (JCP&L), filiale de FirstEnergy Corp, a annoncé une offre d’échange pour ses obligations senior à 5,100 % échéant en 2035. La société propose d’échanger jusqu’à un montant principal total de 700 millions de dollars d’obligations en circulation contre un montant équivalent de nouvelles obligations enregistrées en vertu du Securities Act.
L’offre d’échange expirera le 15 mai 2025 à 17h00, heure de New York, sauf prolongation. Cette offre d’échange remplit les obligations de la société au titre d’un accord de droits d’enregistrement et ne constitue pas une nouvelle opération de financement. JCP&L dessert actuellement 1,1 million de clients dans 13 comtés du New Jersey.
Jersey Central Power & Light Company (JCP&L), eine Tochtergesellschaft von FirstEnergy Corp, hat ein Umtauschangebot für ihre 5,100% Senior Notes mit Fälligkeit 2035 angekündigt. Das Unternehmen bietet an, bis zu einem Gesamtnennbetrag von 700 Millionen US-Dollar ausstehende Anleihen gegen eine gleiche Menge neuer, unter dem Securities Act registrierter Anleihen zu tauschen.
Das Umtauschangebot läuft am 15. Mai 2025 um 17:00 Uhr New Yorker Zeit ab, sofern es nicht verlängert wird. Dieses Umtauschangebot erfüllt die Verpflichtungen des Unternehmens aus einer Registrierungsrechtsvereinbarung und stellt keine neue Finanzierungsmaßnahme dar. JCP&L versorgt derzeit 1,1 Millionen Kunden in 13 Landkreisen von New Jersey.
- None.
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The exchange offer will expire at 5:00 p.m.,
The terms of the exchange offer are set forth in a prospectus dated April 16, 2025. Copies of the prospectus and the other exchange offer documents may be obtained from the exchange agent:
THE BANK OF
By Mail or in Person
The Bank of New York Mellon Trust Company, N.A.
c/o The Bank of New York Mellon
Corporate Trust Reorg Unit
500 Ross Street
Suite 625
Attn: Meera Thillai
For Email (for Eligible Institutions Only)
Email: ct_reorg_unit_inquiries@bnymellon.com
For Information and to Confirm by Telephone
615-381-1655
This press release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Outstanding Notes or New Notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which is being distributed to holders of the Outstanding Notes and has been filed with the Securities and Exchange Commission as part of the Company's Registration Statement on Form S-4 (File No. 333-286328), which was declared effective on April 11, 2025.
JCP&L serves 1.1 million customers in the counties of
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in
Discussion of Forward-Looking Statements About JCP&L
Statements in this document regarding JCP&L that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, JCP&L undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see JCP&L's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Cautionary Note Regarding Forward-Looking Statements set forth in these filings and any updates to such risk factors and Cautionary Note Regarding Forward-Looking Statements contained in any subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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SOURCE FirstEnergy Corp.
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