Edison International’s $550 Million Offering
November 1, 2024
November 1, 2024
Cleary Gottlieb represented underwriters Barclays Capital Inc., BNY Mellon Capital Markets LLC, and RBC Capital Markets LLC in an offering of $550 million 5.25% senior notes due 2032, made by Edison International.
The offering priced on October 31, 2024, and is expected to close on November 5, 2024.
The net proceeds from the offering will be used for general corporate purposes and to repay commercial paper borrowings. Cleary has been longtime designated underwriters’ counsel on securities offerings by Edison International and its subsidiary Southern California Edison.
Edison International is a public utility that, through its subsidiaries, is primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of Southern California.