SCE - Southern California Edison Company
05/04/2026 | Press release | Distributed by Public on 05/04/2026 14:00
Free Writing Prospectus (Form FWP)
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-281011
$500,000,000
4.95% First and Refunding Mortgage Bonds,
Series 2026B, Due 2031
SUMMARY OF TERMS
| Security: | 4.95% First and Refunding Mortgage Bonds, Series 2026B, Due 2031 (the "Series 2026B Bonds") | |
| Issuer: | Southern California Edison Company | |
| Principal Amount: | $500,000,000 | |
| Expected Ratings of Securities*: | A2 / BBB+ / A- (Stable / Negative / Stable) (Moody's / S&P / Fitch) | |
| Trade Date: | May 4, 2026 | |
| Settlement Date**: | May 7, 2026 (T+3) | |
| Maturity: | September 15, 2031 | |
| Benchmark US Treasury: | 3.875% due April 30, 2031 | |
| Benchmark US Treasury Price: | 98-313⁄4 | |
| Benchmark US Treasury Yield: | 4.100% | |
| Spread to Benchmark US Treasury: | T + 88 bps | |
| Reoffer Yield: | 4.980% | |
| Coupon: | 4.95% | |
| Coupon Payment Dates: | March 15 and September 15 | |
| First Coupon Payment Date: | September 15, 2026 (short first interest period) | |
| Public Offering Price: | 99.867% of Principal Amount | |
| Optional Redemption: |
Callable at any time prior to August 15, 2031, in whole or in part, at a "make whole" premium of 15 bps, plus accrued and unpaid interest thereon to but excluding the date of redemption. Callable at any time on or after August 15, 2031, in whole or in part, at 100% of the principal amount of the Series 2026B Bonds being redeemed plus accrued and unpaid interest thereon to but excluding the date of redemption. |
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| CUSIP/ISIN: | 842400JM6/US842400JM63 | |
| Joint Book-running Managers: |
Citigroup Global Markets Inc. ("Citigroup") J.P. Morgan Securities LLC ("J.P. Morgan") Truist Securities, Inc. ("Truist Securities") TD Securities (USA) LLC |
|
| Co-managers: |
Academy Securities, Inc. Apto Partners, LLC Cabrera Capital Markets LLC Guzman & Company Samuel A. Ramirez & Company, Inc. |
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| * |
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, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Series 2026B Bonds on the Trade Date or the following business day will be required, by virtue of the fact that the Series 2026B Bonds 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 and prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement 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, Citigroup, J.P. Morgan or Truist Securities can arrange to send you the prospectus and prospectus supplement if you request them by calling Citigroup at 1-800-831-9146, J.P. Morgan at 1-212-834-4533 or Truist Securities toll-free at 1-800-685-4786.
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SCE - Southern California Edison Company published this content on May 04, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 04, 2026 at 20:00 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]