Southern California Edison Completes $181.27 Million Cash Tender Offer for Trust Securities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Acquisition Completed: Southern California Edison successfully completed its cash tender offer for 5.45% Fixed-to-Floating Rate Trust Securities issued by SCE Trust V, with a total valid tender amount of $181.27 million, reflecting the company's proactive capital management strategy.
- Expiration Date Confirmed: The expiration date for the tender offer was December 19, 2025, with all validly tendered securities expected to settle on December 23, 2025, ensuring liquidity and returns for investors.
- Market Reaction: This acquisition is viewed as a strategic move to optimize the company's capital structure, aimed at reducing financing costs and enhancing financial flexibility, thereby strengthening its competitive position in the market.
- Underwriter Participation: Barclays Capital, J.P. Morgan, Mizuho Securities, and Santander US Capital Markets acted as dealer managers for the offer, further enhancing the professionalism and market credibility of the transaction.
EIX
$60.1+Infinity%1D
Analyst Views on EIX
Wall Street analysts forecast EIX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIX is 64.20 USD with a low forecast of 55.00 USD and a high forecast of 71.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 60.170
Low
55.00
Averages
64.20
High
71.00
Current: 60.170
Low
55.00
Averages
64.20
High
71.00
About EIX
Edison International is an electric utility holding company. The Company is focused on providing clean and reliable energy and energy services through its independent companies. It is the parent holding company of Southern California Edison Company (SCE) and Trio. SCE is a public utility primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area across Southern, Central and Coastal California. Trio is a global energy advisory firm providing integrated sustainability and energy advisory services to large commercial, industrial and institutional organizations in North America and Europe. Trio provides integrated strategy and implementation solutions in sustainability, renewables, energy procurement, conventional supply, energy optimization and transportation electrification.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
