Edison International announced on November 20, 2025, that it has started cash tender offers to purchase any and all of its outstanding 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, and 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A. The offer includes accrued dividends up to but not including the settlement date.
The offer price for the Series B Preferred Stock is $995 per $1,000 liquidation preference, with an aggregate liquidation preference outstanding of $503,454,000. For the Series A Preferred Stock, the offer price is $1,000 per $1,000 liquidation preference with a total outstanding of $1,159,317,000.
The tender offers will expire at 5 p.m., New York City time on December 19, 2025 unless extended or terminated earlier by Edison International. The company plans to pay for the securities and related fees using cash on hand.
According to Edison International: “The Offer Materials contain important information that holders are urged to read before any decision is made with respect to either of the Offers.” They further stated: “THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES. THE OFFERS ARE BEING MADE SOLELY PURSUANT TO THE OFFER MATERIALS WHICH SET FORTH THE COMPLETE TERMS OF THE OFFERS THAT HOLDERS OF THE SECURITIES SHOULD CAREFULLY READ PRIOR TO MAKING ANY DECISION.”
Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Santander US Capital Markets LLC are acting as dealer managers for these offers. Global Bondholder Services Corporation serves as the tender agent and information agent.
Edison International’s filing with the U.S. Securities and Exchange Commission (SEC) can be found at sec.gov. The company recommends that security holders review all relevant materials filed as part of its Schedule TO before making decisions regarding participation in these offers.
Edison International is headquartered in Rosemead, California and is one of the largest electric utility holding companies in the United States. Its subsidiary Southern California Edison provides electricity service to about 15 million people across Southern, Central and Coastal California.
Statements within this announcement include forward-looking statements regarding expectations about these offers and other related matters: “Such statements reflect our current expectations; however, such statements necessarily involve risks and uncertainties. Actual results could differ materially from current expectations.”
