$500M Southern California Edison (SCE) 4.95% bonds mature in 2031
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Southern California Edison Company agreed on May 4, 2026 to sell $500,000,000 principal amount of its 4.95% First and Refunding Mortgage Bonds, Series 2026B, due 2031. These bonds are long-term secured debt of the utility. Further details are provided in the attached underwriting agreement, supplemental indenture, officer certificate, and legal opinion exhibits.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Bond principal: $500,000,000
Coupon rate: 4.95%
Maturity year: 2031
+2 more
5 metrics
Bond principal
$500,000,000
First and Refunding Mortgage Bonds, Series 2026B
Coupon rate
4.95%
First and Refunding Mortgage Bonds, Series 2026B
Maturity year
2031
First and Refunding Mortgage Bonds, Series 2026B due 2031
Underwriting agreement date
May 4, 2026
Underwriting Agreement for bond sale
Supplemental indenture date
May 5, 2026
One Hundred Sixty-Third Supplemental Indenture
Key Terms
First and Refunding Mortgage Bonds, Underwriting Agreement, Supplemental Indenture, Opinion of Counsel, +1 more
5 terms
First and Refunding Mortgage Bonds financial
"4.95% First and Refunding Mortgage Bonds, Series 2026B, Due 2031"
Underwriting Agreement financial
"Underwriting Agreement dated May 4, 2026"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
Supplemental Indenture financial
"One Hundred Sixty-Third Supplemental Indenture dated May 5, 2026"
A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.
Opinion of Counsel regulatory
"5.1 | Opinion of Counsel"
Cover Page Interactive Data File technical
"104 | Cover Page Interactive Data File (embedded within the Inline XBRL document)"
FAQ
What debt issuance did SCE (SCE) disclose in this Form 8-K?
Southern California Edison agreed to sell $500,000,000 of 4.95% First and Refunding Mortgage Bonds, Series 2026B, due 2031. These bonds represent new long-term secured debt on the company’s balance sheet, with terms detailed in the related exhibits.
What are the key terms of Southern California Edison’s new bonds?
The bonds have a 4.95% interest rate and a 2031 maturity, with $500,000,000 principal amount agreed to be sold. They are issued as First and Refunding Mortgage Bonds, Series 2026B, under SCE’s existing mortgage indenture structure.
When did Southern California Edison agree to sell the 4.95% Series 2026B bonds?
Southern California Edison agreed to sell the bonds on May 4, 2026. Related documents, including the underwriting agreement and officer certificate, are dated May 4, 2026, and a supplemental indenture is dated May 5, 2026.
What exhibits accompany SCE’s 8-K about the 2031 bond sale?
The 8-K includes an underwriting agreement, a One Hundred Sixty-Third Supplemental Indenture, a certificate as to actions taken by an officer of Southern California Edison, an opinion of counsel, and a cover page interactive data file embedded in the Inline XBRL document.
What type of security are SCE’s 4.95% Series 2026B bonds?
They are First and Refunding Mortgage Bonds, a form of secured debt backed by the company’s mortgage indenture. The bonds carry a 4.95% coupon and mature in 2031, providing long-term fixed-rate financing for Southern California Edison.
Filing Exhibits & Attachments
8 documentsOther Documents
- EX-1.1 EX-1.1 UNDERWRITING AGREEMENT DATED AS OF MAY 4, 2026 179.9 KB
- EX-4.1 EX-4.1 ONE HUNDRED SIXTY-THIRD SUPPLEMENTAL INDENTURE DATED AS OF MAY 5, 2026 239.0 KB
- EX-4.2 EX-4.2 CERTIFICATE AS TO ACTIONS TAKEN BY OFFICER OF SOUTHERN CALIFORNIA EDISON 49.3 KB
- EX-5.1 EX-5.1 OPINION OF COUNSEL 14.6 KB
- EX-101 EX-101.SCH 3.3 KB
- EX-101 EX-101.DEF 2.6 KB
- EX-101 EX-101.LAB 15.0 KB
- EX-101 EX-101.PRE 8.7 KB
