#United States #FirstEnergy Corp #Fairmont #Senior Notes 2033 #FET Exchange

FirstEnergy Transmission Extends Exchange Offer

On January 8, 2026, FirstEnergy Transmission, LLC (often referred to as FET), a subsidiary of FirstEnergy Corp., made a significant announcement regarding its financial strategy. The company revealed that it has extended its exchange offer for its outstanding 4.750% Senior Notes due 2033, which has been met with positive investor interest. The extension runs until January 21, 2026, allowing additional time for shareholders to participate in this opportunity.

Background of the Exchange Offer

Initially set to conclude on January 7, 2026, the exchange offer aims to swap up to $450 million in outstanding Senior Notes for an equal amount of newly registered notes under the Securities Act of 1933. As of the previous deadline, approximately $449.48 million, accounting for 99.88%, of the Outstanding Notes had been tendered. This high level of participation indicates a strong confidence from investors in FET’s offerings and financial stability.

The exchange offer documents, including the prospectus dated December 5, 2025, contain crucial terms for investors interested in this transaction. Copies can be obtained directly from the designated exchange agent, U.S. Bank Trust Company, National Association, which facilitates the process for eligible institutions and individual investors alike.

Understanding FirstEnergy's Position in the Market

FirstEnergy Corp. is recognized as one of the nation's largest investor-owned electric systems, serving more than six million customers across several states, including Ohio, Pennsylvania, West Virginia, Maryland, and New Jersey. The company's electric transmission network encompasses approximately 24,000 miles of lines, connecting various regions and ensuring efficient electricity distribution.

FET emphasizes its commitment to operational excellence, safety, and reliability. Such attributes remain essential in building and maintaining investor confidence, particularly in a market that can be unpredictable and sensitive to external economic factors.

Forward-Looking Statements and Market Risks

In its communications regarding the exchange offer, FirstEnergy has noted that the document also contains forward-looking statements. These statements, which refer to predictions about future financial performance and operational outcomes, carry inherent risks and uncertainties. Adverse market conditions or changes in regulatory environments could impact the results discussed in these forward-looking statements, but the company has not indicated any plans to update these projections unless legally required.

Conclusion

The extension of the exchange offer is a strategic move by FirstEnergy Transmission that not only enhances its relationship with current investors but also signals a robust market confidence in its operations. As the company continues to navigate the complexities of the electric utilities sector, this extension may serve as a pivotal point for further enhancing its financial standing and operational strategies in the coming years. Stakeholders and investors are encouraged to consider this opportunity and review the terms presented in the official prospectus for more detailed information.

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