JCP&L Enters Material Agreement, Incurs Financial Obligation

TL;DR

JCP&L just signed a big deal and took on new debt. Watch this.

AI Summary

On September 2, 2025, Jersey Central Power & Light Company (JCP&L), a subsidiary of FirstEnergy Corp., entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.

Why It Matters

This filing signals a significant new financial commitment or arrangement for Jersey Central Power & Light, which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, which inherently carries financial risk.

Key Players & Entities

• Jersey Central Power & Light Company (company) — Registrant
• FirstEnergy Corp. (company) — Parent Company
• September 2, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $350,000,000 — he "Company") completed its offering of $350,000,000 aggregate principal amount of its 4.150
• $500,000,000 — nior Notes due 2029 (the "2029 Notes"), $500,000,000 aggregate principal amount of its 4.400
• $650 million — he repayment of all or a portion of the $650 million aggregate principal amount of the Compa

Filing Documents

• jcpl-20250902.htm (8-K) — 41KB
• ex43jc.htm (EX-4.3) — 78KB
• ex44jc.htm (EX-4.4) — 78KB
• ex45jc.htm (EX-4.5) — 78KB
• ex101jc.htm (EX-10.1) — 138KB
• ex102jc.htm (EX-10.2) — 138KB
• ex103jc.htm (EX-10.3) — 138KB
• jcpl-20250902_g1.jpg (GRAPHIC) — 31KB
• 0000053456-25-000014.txt ( ) — 1003KB
• jcpl-20250902.xsd (EX-101.SCH) — 2KB
• jcpl-20250902_lab.xml (EX-101.LAB) — 19KB
• jcpl-20250902_pre.xml (EX-101.PRE) — 11KB
• jcpl-20250902_htm.xml (XML) — 2KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Completion of Notes Offering On September 4, 2025 (the "Closing Date"), Jersey Central Power & Light Company (the "Company") completed its offering of $350,000,000 aggregate principal amount of its 4.150% Senior Notes due 2029 (the "2029 Notes"), $500,000,000 aggregate principal amount of its 4.400% Senior Notes due 2031 (the "2031 Notes") and $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2036 (the "2036 Notes" and, together with the 2029 Notes and the 2031 Notes, the "Notes"), which were issued pursuant to a purchase agreement dated September 2, 2025 (the "Purchase Agreement"), by and among the Company and J.P. Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, acting as representatives of the several initial purchasers named in Schedule 1 to the Purchase Agreement. The Company intends to use the net proceeds from the sale of the Notes for (i) the refinancing of any short-term or long-term indebtedness of the Company, including the repayment of all or a portion of the $650 million aggregate principal amount of the Company's 4.30% Senior Notes due 2026, (ii) capital expenditures, (iii) other permitted general corporate purposes, and (iv) any combination of the foregoing. The Notes are senior unsecured general obligations of the Company. The Notes were issued pursuant to an Indenture, dated as of July 1, 1999 (the "Base Indenture"), as supplemented by the First Supplemental Indenture, dated as of October 31, 2007 (the "First Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), between the Company and The Bank of New York Mellon Trust Company, N.A., as successor trustee (the "Trustee"). The 2029 Notes bear interest at a rate of 4.150% per year, the 2031 Notes bear interest at a rate of 4.400% per year, and the 2036 Notes bear interest at a rate of 5.150% per year, each payable semi-annually in arrears

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits The exhibit index set forth below is incorporated by reference in response to this Item 9.01. ( d) Exhibits Exhibit No. Description 4.1 Indenture, dated as of July 1, 1999, by and between Jersey Central Power & Light Company and The Bank of New York Mellon Trust Company, as eventual successor to U.S. Trust Company of New York, which was the original trustee (incorporated by reference to the Company's Form S-4 filed April 1, 2025, Exhibit 4.1, File No. 333-286328). 4.2 First Supplemental Indenture, dated as of October 31, 2007, by and among Jersey Central Power & Light Company and The Bank of New York, as resigning trustee, and The Bank of New York Trust Company, N.A., as successor trustee. (incorporated by reference to the Company's Form S-4 filed April 1, 2025, Exhibit 4.5, File No. 333-286328). 4.3 Form of 4.150% Senior Notes due 2029. 4.4 Form of 4.400% Senior Notes due 2031. 4.5 Form of 5.150% Senior Notes due 2036. 10.1 Registration Rights Agreement, dated as of September 4, 2025, by and among Jersey Central Power & Light Company, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the 4.150% Senior Notes due 2029. 10.2 Registration Rights Agreement, dated as of September 4, 2025, by and among Jersey Central Power & Light Company, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the 4.400% Senior Notes due 2031. 10.3 Registration Rights Agreement, dated as of September 4, 2025, by and among Jersey Central Power & Light Company, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as representatives of the initial purchasers of the 5.150% Senior Notes due 2036. 104 Cover Page Interactive Data File (the cover page XBRL tags

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View this 8-K filing on SEC EDGAR