Exelon announces $500M stock offering
Exelon (NASDAQ:EXC) said Thursday it intends to sell $500M of its stock without par value in an underwritten public offering.
EXC intends to grant underwriters a 30-day option to buy up to $75M additional shares in the offering.
Net proceeds will be used to permanently repay borrowings under a $1.15B term loan credit facility.