Edison International has announced the expiration and results of its previously disclosed cash tender offers for two series of its outstanding preferred stock. The offers targeted the 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, and the 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A.
The company stated that the offers expired on December 19, 2025 at 5 p.m., New York City time. As of that date, $415,517,000 in aggregate liquidation preference of Series B Preferred Stock and $744,975,000 in aggregate liquidation preference of Series A Preferred Stock had been validly tendered and not withdrawn. Edison International accepted all such securities for purchase.
According to the terms outlined by Edison International, holders who tendered their shares will receive $995 per $1,000 liquidation preference for each share of Series B Preferred Stock and $1,000 per $1,000 liquidation preference for each share of Series A Preferred Stock. In addition to these amounts, holders will also receive accrued and unpaid dividends from the last dividend payment date up to but not including the settlement date.
Edison International explained that “Accrued Dividends” refers to dividends accrued from the last payment date through to just before settlement as if a dividend had been declared during this period.
Details regarding these offers are available in an Issuer Tender Offer Statement on Schedule TO filed with the Securities and Exchange Commission (SEC). This filing can be accessed through the SEC’s website at sec.gov.
Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Santander US Capital Markets LLC acted as dealer managers for these transactions. Global Bondholder Services Corporation served as both tender agent and information agent.
Edison International is one of the largest electric utility holding companies in the United States. Headquartered in Rosemead, California, it is the parent company of Southern California Edison Company—a utility providing electricity to about 15 million people across Southern, Central and Coastal California—and Trio (formerly Edison Energy), which delivers sustainability advisory services to large organizations in North America and Europe.
In a statement included with this announcement regarding forward-looking information: “Statements contained in this press release about expectations regarding the Offers, financings and other statements that do not directly relate to a historical or current fact are forward-looking statements. In this press release, the words ‘expects,’ ‘will’ and variations of such words and similar expressions, or discussions of strategy, plans or actions are intended to identify forward-looking statements. Such statements reflect our current expectations; however such statements necessarily involve risks and uncertainties. Actual results could differ materially from current expectations. Other important factors are discussed in Edison International’s Form 10-K and other reports filed with the SEC which are available on our website: edisoninvestor.com. Edison International has no obligation to publicly update or revise any forward-looking statements whether due to new information future events or otherwise.”
