FirstEnergy Transmission, LLC Announces Major Exchange Offer for Senior Notes Due 2033

FirstEnergy Transmission, LLC Launches Exchange Offer

In a strategic move aimed at enhancing its financial flexibility, FirstEnergy Transmission, LLC (FET) has announced an exchange offer involving its 4.750% Senior Notes that are due in 2033. The total principal amount for this offer is set at an impressive $450 million. This undertaking is part of FET's broader strategy to maintain compliance with regulatory requirements and ensure liquidity for its operations.

Exchange Offer Details

The exchange offer was formally disclosed on December 5, 2025, and is designed to allow holders of outstanding notes to exchange them for newly issued notes registered under the Securities Act of 1933. The company emphasizes that the exchange does not represent a new financing transaction but serves to fulfill commitments made under a preceding registration rights agreement related to the notes issuance.

The offer is set to expire on January 7, 2026, at 5:00 PM (New York City time), unless an extension is enacted. Importantly, noteholders can withdraw their tenders at any time before the deadline, giving them security and options during the exchange process.

How to Participate

Interested noteholders can access the prospectus detailing the exchange offer, which provides comprehensive insights regarding the terms and procedures. This document will also serve as the key resource for instructions on how to proceed with the exchange.

For participants needing additional support or clarification, U.S. Bank Trust Company, National Association, serves as the exchange agent, promising efficient communication through various channels including email, facsimile, or phone.

Forward-Looking Statements

FET has included a caveat regarding forward-looking statements in their announcement, indicating that while the company is optimistic about its financial endeavors and operational outlook, actual outcomes may differ due to various risks and uncertainties inherent in business operations. The company's filings with the Securities and Exchange Commission provide more detailed information regarding potential risks that could affect performance and results, underscoring FET's commitment to transparency with its investors.

Conclusion

This exchange offer marks a significant step for FirstEnergy Transmission, LLC, not only in facilitating an effective management of its financial commitments but also in reinforcing stakeholder confidence through transparent operations and regulatory compliance. Investors are encouraged to review the terms carefully and consider the potential benefits of participating in this exchange offer as the deadline approaches.

As the company continues serving essential electric transmission needs across multiple states, this initiative exemplifies FET's dedication to maintaining a robust operational framework while meeting investor demands proactively.