$1.3 Billion First and Refunding Mortgage Bonds Offering by Southern California Edison

Cleary represented Citigroup Global Markets, J.P. Morgan Securities, Barclays Capital and UBS Securities as representatives of the underwriters in Southern California Edison Company’s three-tranche offering of $550 million principal amount of 1.845% Amortizing First and Refunding Mortgage Bonds, Series 2015A, due 2022, $325 million principal amount of 2.400% First and Refunding Mortgage Bonds, Series 2015B, due 2022 and $425 million principal amount of 3.600% First and Refunding Mortgage Bonds, Series 2015C, due 2045. The transaction closed on January 16, 2015.

Southern California Edison supplies electricity to a 50,000 square mile service area in coastal, central and southern California.