Edison International (NYSE: EIX) has announced the expiration and results of its cash tender offers for its 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 reported that the offers expired on December 19, 2025, with $415,517,000 aggregate liquidation preference of Series B Preferred Stock and $744,975,000 aggregate liquidation preference of Series A Preferred Stock validly tendered and not validly withdrawn.
All the securities validly tendered and not validly withdrawn as of the expiration date have been accepted for purchase. The consideration for the securities tendered and accepted for purchase will be $995 per $1,000 liquidation preference per share of Series B Preferred Stock and $1,000 per $1,000 liquidation preference per share of Series A Preferred Stock, in addition to accrued dividends.
The company expects the settlement date to be December 23, 2025, and all conditions to the offers were deemed satisfied or waived by the company by the expiration date. This announcement follows the filing of an issuer tender offer statement on Schedule TO with the Securities and Exchange Commission (SEC) pursuant to Rule 13e-4(c)(2) under the Securities Exchange Act of 1934, as amended.
Edison International is one of the nation’s largest electric utility holding companies, with a focus on providing clean and reliable energy and energy services through its independent companies. It is the parent company of Southern California Edison Company, which delivers electricity to approximately 15 million people across southern, central, and coastal California, and Trio (formerly Edison Energy), a portfolio of nonregulated competitive businesses providing integrated sustainability and energy advisory services to large commercial, industrial, and institutional organizations in North America and Europe. The market has reacted to these announcements by moving the company's shares 0.22% to a price of $60.305. If you want to know more, read the company's complete 8-K report here.
