trending Market Intelligence /marketintelligence/en/news-insights/trending/5qlz1f4zzj4oalmwstap9w2 content esgSubNav
In This List

Edison International, SoCalEd register debt, preferred securities

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities


Edison International, SoCalEd register debt, preferred securities

Edison International and its Southern California Edison Co. subsidiary filed automatic shelf registration statements for the potential sale of an unspecified amount of securities from time to time.

The Edison International filing covers the sale of debt securities. The company plans to use net proceeds for general corporate purposes or to reduce short-term debt.

The SoCalEd filing relates to its first and refunding mortgage bonds, debt securities, $100 cumulative preferred stock, cumulative preferred stock and preference stock; as well as covers the sale of trust preference securities by SCE Trust VII and SCE Trust VIII, and the related preference stock, guarantee, and certain back-up obligations of SoCalEd.

SoCalEd intends to use net proceeds to redeem, repay or retire outstanding debt or other securities, to finance construction expenditures, for other general corporate purposes, or to reduce short-term debt incurred to finance such activities.