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FirstEnergy Corp. Announces Early Tender Results and Increased Tender Cap to Its Cash Tender Offer for 6.45% Notes, Series B, Due 2011.

Publication: Energy Weekly News
Publication Date: 04-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
FirstEnergy Corp. (NYSE: FE) announced that its previously announced cash tender offer, or the Tender Offer, for its 6.45% Notes, Series B, Due 2011, or the Notes, is oversubscribed. As of 5:00 p.m., August 17, 2009, or the Early Tender Deadline, according to information provided by the Tender Agent, $1,253,050,000.00 aggregate principal amount of the Notes had been validly tendered and not withdrawn. Based on the tenders received as of the Early Tender Deadline, FirstEnergy Corp. has increased the maximum aggregate principal amount of the Notes subject to purchase in the Tender Offer from $725,000,000, or the Original Tender Cap, to $1,200,000,000, or the New Tender Cap. The Tender Offer will be funded with cash...

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