Edison International has announced the completion and results of its previously disclosed cash tender offers for 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 company stated that the offers expired on December 19, 2025 at 5 p.m., New York City time. According to figures from the depositary for the offers, $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Stock and $744,975,000 in aggregate liquidation preference of Series A Preferred Stock were validly tendered and not withdrawn by the expiration date. Edison International accepted all such securities for purchase.
The consideration for the accepted shares is set at $995 per $1,000 liquidation preference per share for Series B and $1,000 per $1,000 liquidation preference per share for Series A. In addition to this amount, holders will receive accrued dividends calculated from the last dividend payment date up to but not including the settlement date.
Edison International noted that it has filed an Issuer Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (SEC) as required under Rule 13e-4(c)(2) of the Securities Exchange Act of 1934. The filing provides further details about these offers and can be accessed via 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 served as dealer managers for these transactions.
Edison International is a major electric utility holding company based in Rosemead, California. It owns Southern California Edison Company—which supplies electricity to around 15 million people throughout Southern, Central and Coastal California—and Trio (formerly Edison Energy), which provides sustainability and energy advisory services to large organizations in North America and Europe.
“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.”
