OREANDA-NEWS. Exelon Corporation (NYSE: EXC) announced today that it has successfully remarketed its 2.5 percent Junior Subordinated Notes due 2024 (the "Original Notes"), which were originally issued on June 17, 2014, as a component of Exelon’s Equity Units.

The Original Notes are being remarketed into $1,150,000,000 aggregate principal amount of 3.497 percent Junior Subordinated Notes due 2022 (the "Remarketed Notes"). Effective April 3, 2017, the Remarketed Notes will bear interest at 3.497 percent per year and will mature on June 1, 2022. The remarketing is expected to close on April 3, 2017, subject to customary closing conditions.

Exelon conducted the remarketing on behalf of holders of the Equity Units and will not directly receive any proceeds from the issuance and sale of the Remarketed Notes. The proceeds from the issuance and sale of the Remarketed Notes will be used to purchase a portfolio of treasury securities maturing on or about May 31, 2017. Exelon expects that a portion of the funds generated upon maturity of the portfolio will be used on June 1, 2017 to settle the purchase contracts it entered into as a part of the Equity Units.

The remarketing is being made pursuant to an effective shelf registration statement of Exelon that has been filed with the U.S. Securities and Exchange Commission (SEC). This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The