Exelon prices $500M in stock offering
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Exelon (NASDAQ:EXC) priced its an underwritten public offering of 11.3M shares for expected gross proceeds ofÂ ~$500M.
Underwriters granted 30-day option to purchase up to an additional 1.7M shares.
Offer is expected to close on Aug.9, 2022.
Net proceeds will be used to permanently repay a portion of the borrowings under a $1.15B term loan credit facility.