Business
Jersey Central Power & Light Company Announces Extension of Exchange Offer for its 4.150% Senior Notes due 2029, 4.400% Senior Notes due 2031 and 5.150% Senior Notes due 2036
Jersey Central Power & Light Company ("JCP&L" or the "Company") a subsidiary of FirstEnergy Corp., today announced that it had extended its offer (the "exchange offer") to exchange up to (i) $350 million aggregate principal amount of its outstanding 4.150% Senior Notes due 2029, (ii) $500 million aggregate principal amount of its outstanding 4.400% Senior Notes due 2031 and (iii) $500 million aggregate principal amount of its outstanding 5.150% Senior Notes due 2036 (collectively, the "Outstandi
About this update from Firstenergy Corp.
MORRISTOWN, N.J., June 2, 2026 /PRNewswire/ -- Jersey Central Power & Light Company ("JCP&L" or the "Company") a subsidiary of FirstEnergy Corp., today announced that it had extended its offer (the "exchange offer") to exchange up to (i) $350 million aggregate principal amount of its outstanding 4.150% Senior Notes due 2029, (ii) $500 million aggregate principal amount of its outstanding 4.400% Senior Notes due 2031 and (iii) $500 million aggregate principal amount of its outstanding 5.150% Senior Notes due 2036 (collectively, the "Outstanding Notes") for a like principal amount of each of the Company's (i) 4.150% Senior Notes due 2029, (ii) 4.400% Senior Notes due 2031 and (iii) 5.150% Senior Notes due 2036 (collectively, the "New Notes") registered under the Securities Act of 1933, as amended. The exchange offer, previously scheduled to expire at 5:00 p.m., New York City time, on June 1, 2026, will now expire at 5:00 p.m., New York City time, on June 15, 2026, unless further extended. An aggregate principal amount of $1,344,690.00, or 99.6067%, of the Outstanding Notes, was tendered in the exchange offer as of 5:00 p.m., New York City time, on June 1, 2026. The terms of the exchange offer are set forth in a prospectus dated April 30, 2026. Copies of the prospectus and the other exchange offer documents may be obtained from the exchange agent: THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.By Mail or in PersonThe Bank of New York Mellon Trust Company, N.A.c/o The Bank of New York MellonCorporate Trust Reorg Unit500 Ross StreetSuite 625Pittsburgh, PA, 15262Attn: Susanne MichalikFor Email (for Eligible Institutions Only)Email: [email protected] Information and to Confirm by Telephone412-236-4893 This news release is for informational purposes only and is neither an offer to buy or sell nor a solicitation of an offer to buy or sell any Outstanding Notes or New Notes. The exchange offer is being made only pursuant to the exchange offer prospectus, which is being distributed to holders of the Outstanding Notes and has been filed with the Securities and Exchange Commission as part of the Company's Registration Statement on Form S-4 (File No. 333-294955), which was declared effective on April 23, 2026. JCP&L serves 1.2 million customers in the counties of Burlington, Es...