Southern California Edison Launches Tender Offer to Buy Back $300 Million in Trust Preference Securities

Reuters11-20

Southern California Edison Launches Tender Offer to Buy Back $300 Million in Trust Preference Securities

Southern California Edison, a subsidiary of Edison International, has launched a cash tender offer to purchase any and all of its outstanding 5.45% Fixed-to-Floating Rate Trust Preference Securities issued by SCE Trust V. The offer is for the securities with a liquidation amount of $25 per security, totaling an aggregate outstanding liquidation amount of $300 million. Holders who tender their securities will receive $25 per $25 liquidation amount, plus accrued distributions. The terms and conditions of the offer are outlined in the Offer to Purchase dated November 20, 2025. The transaction is being managed by Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Santander US Capital Markets LLC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edison International published the original content used to generate this news brief via Business Wire (Ref. ID: 20251120069262) on November 20, 2025, and is solely responsible for the information contained therein.

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