Item 8.01 Other Events
On August 14, 2020, Public Service Enterprise Group Incorporated ("PSEG")
completed a public offering of $550.0 million aggregate principal amount of its
0.800% Senior Notes due 2025 (the "2025 Notes") and $550.0 million aggregate
principal amount of its 1.600% Senior Notes due 2030 (the "2030 Notes" and
together with the 2025 Notes, the "Notes"). The Notes were offered and sold by
PSEG pursuant to a registration statement on Form S-3 (File No. 333-221638) (the
"Registration Statement") and the related Prospectus dated November 17, 2017 and
Prospectus Supplement dated August 12, 2020. The Notes were issued pursuant to
an underwriting agreement (the "Underwriting Agreement"), dated August 12, 2020,
between PSEG and Barclays Capital Inc., Goldman Sachs & Co. LLC and TD
Securities (USA) LLC, as representatives of the several underwriters named
therein (the "Underwriters"). Pursuant to the Underwriting Agreement and subject
to the terms and conditions expressed therein, PSEG agreed to sell the Notes to
the Underwriters, and the Underwriters agreed to purchase the Notes for resale
to the public. The Underwriting Agreement is filed as Exhibit 1 hereto. Each
series of Notes is governed by an indenture, dated as of November 1, 1998 (the
"Indenture"), between PSEG and U.S. Bank National Association, as successor
trustee. The Indenture and the forms of 2025 Note and 2030 Note are filed as
Exhibits 4-1, 4-2 and 4-3 hereto, respectively. The Underwriting Agreement,
Indenture and the form of each series of Notes are incorporated by reference
into the Registration Statement.
In connection with the offering of the Notes, PSEG is filing herewith as Exhibit
5 an opinion of Shawn P. Leyden, Vice President and Deputy General Counsel of
PSEG Services Corporation, addressing the legality of the Notes. Such opinion is
incorporated by reference into the Registration Statement.
Item 9.01 Financial Statements and Exhibits
Exhibit 1 Underwriting Agreement, dated August 12, 2020, between PSEG and
Barclays Capital Inc., Goldman Sachs & Co. LLC and TD Securities
(USA) LLC, as representatives of the several underwriters named
therein.
Exhibit 4-1 Indenture dated as of November 1, 1998 between PSEG and U.S. Bank
National Association (as successor to First Union National Bank),
as Trustee (incorporated by reference to Exhibit 4(f) to the Annual
Report on Form 10-K for the year ended December 31, 1998, File
No. 001-09120).
Exhibit 4-2 Form of 2025 Note.
Exhibit 4-3 Form of 2030 Note.
Exhibit 5 Opinion of Shawn P. Leyden, Vice President and Deputy General
Counsel of PSEG Services Corporation, addressing the legality of
the Notes.
Exhibit 23 Consent of Shawn P. Leyden, Vice President and Deputy General
Counsel of PSEG Services Corporation (included in Exhibit 5).
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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