The Toledo Edison Company’s $150 Million Notes Offering

Jones Day advised The Toledo Edison Company on the deal.

The Toledo Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, announced a Rule 144A and Regulation S offering of $150 million aggregate principal amount of 2.65% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and concurrent issuance of an equal aggregate principal amount of its First Mortgage Bonds, 2.65% Series of 2021 due 2028, which were delivered to the trustee to be held as collateral security for the Senior Secured Notes.

The Jones Day team was led by Andrew Thomas (Picture).

Involved fees earner: Andrew Thomas – Jones Day;

Law Firms: Jones Day;

Clients: The Toledo Edison Company;

Author: Martina Bellini