Edison International
02/23/2026 | Press release | Distributed by Public on 02/23/2026 15:57
Free Writing Prospectus (Form FWP)
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-281010
$550,000,000
4.80% Senior Notes Due 2031
| SUMMARY OF TERMS | ||
| Security: | 4.80% Senior Notes Due 2031 (the "Notes") | |
| Issuer: | Edison International ("EIX") | |
| Principal Amount: | $550,000,000 | |
| Expected Ratings of Securities*: | Baa2, BB+, BBB (Stable / Negative / Stable) (Moody's / S&P / Fitch) | |
| Trade Date: | February 23, 2026 | |
| Settlement Date**: | February 26, 2026 (T+3) | |
| Maturity Date: | March 15, 2031 | |
| Benchmark US Treasury: | 3.75% due January 31, 2031 | |
| Benchmark US Treasury Price: | 100-23+ | |
| Benchmark US Treasury Yield: | 3.586% | |
| Spread to Benchmark US Treasury: | T + 125 basis points | |
| Reoffer Yield: | 4.836% | |
| Coupon: | 4.80% per annum | |
| Coupon Payment Dates: | March 15 and September 15 | |
| First Coupon Payment Date: | September 15, 2026 | |
| Public Offering Price: | 99.837% of Principal Amount | |
| Optional Redemption: | Callable at any time prior to February 15, 2031 in whole or in part, at the greater of (a) a "make whole" premium of T+ 20 bps and (b) 100% of the principal amount of the notes being redeemed plus, in either case, accrued and unpaid interest to but excluding the date of redemption. At any time on or after February 15, 2031, callable, in whole or in part, at 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to but excluding the date of redemption. | |
| CUSIP/ISIN: | 281020BD8 / US281020BD89 | |
| Joint Book-Running Managers: |
BNP Paribas Securities Corp. ("BNP PARIBAS") BofA Securities, Inc. ("BofA Securities") Mizuho Securities USA LLC ("Mizuho") Wells Fargo Securities, LLC ("Wells Fargo") Santander US Capital Markets LLC SMBC Nikko Securities America, Inc. |
|
| Co-Managers: |
AmeriVet Securities, Inc. Great Pacific Securities Stern Brothers & Co. |
|
| * |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
| ** |
Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day ("T+1"), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the Trade Date or the following business day will be required, by virtue of the fact that the Notes initially will not settle in T+1, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisor. |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNP PARIBAS at 1-800-854-5674, BofA Securities toll-free at 1-800-294-1322, Mizuho at 1-866-271-7403 and Wells Fargo at 1-800-645-3751.
Edison International published this content on February 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 23, 2026 at 21:57 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]